Rogers Communications (TSE:RCI.B) Price Target Cut to C$64.00 by Analysts at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by equities researchers at Scotiabank from C$66.50 to C$64.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 47.19% from the stock’s previous close.

Several other analysts have also issued reports on RCI.B. Desjardins reduced their target price on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday, November 28th. National Bankshares reduced their target price on Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Canaccord Genuity Group cut their price target on shares of Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday. TD Securities reduced their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Finally, BMO Capital Markets upped their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.25.

Rogers Communications Stock Down 1.0 %

Shares of TSE:RCI.B opened at C$43.48 on Wednesday. The stock has a market cap of C$18.33 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 0.32 and a beta of 0.62. The business’s 50 day moving average is C$47.83 and its 200 day moving average is C$51.26. Rogers Communications has a 12-month low of C$43.13 and a 12-month high of C$64.71. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

Rogers Communications Company Profile

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.