National Bankshares Lowers Rogers Communications (TSE:RCI.B) Price Target to C$54.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price lowered by National Bankshares from C$62.00 to C$54.00 in a report released on Friday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Scotiabank dropped their price objective on Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. TD Securities lowered their price target on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. Desjardins cut their price objective on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research report on Thursday, November 28th. BMO Capital Markets increased their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Finally, Royal Bank of Canada cut their price target on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Rogers Communications presently has a consensus rating of “Moderate Buy” and an average price target of C$65.05.

Rogers Communications Stock Up 1.8 %

Rogers Communications stock opened at C$44.54 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a market cap of C$18.78 billion, a P/E ratio of 27.33, a P/E/G ratio of 0.32 and a beta of 0.62. The business has a fifty day moving average of C$48.64 and a two-hundred day moving average of C$51.58. Rogers Communications has a twelve month low of C$43.13 and a twelve month high of C$64.71.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.