National Bankshares Lowers Rogers Communications (TSE:RCI.B) Price Target to C$67.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective lowered by National Bankshares from C$77.00 to C$67.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

Several other brokerages have also recently commented on RCI.B. Canaccord Genuity Group cut Rogers Communications from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$59.00 to C$57.00 in a research report on Thursday, July 25th. Cormark reduced their price objective on shares of Rogers Communications from C$74.00 to C$72.00 in a report on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. BMO Capital Markets raised their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, Desjardins lowered their price objective on Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Rogers Communications currently has a consensus rating of “Moderate Buy” and an average price target of C$67.77.

Rogers Communications Trading Up 0.9 %

Rogers Communications stock opened at C$50.81 on Tuesday. The business has a 50 day moving average price of C$53.15 and a two-hundred day moving average price of C$52.96. 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 has a 12 month low of C$48.67 and a 12 month high of C$64.71. The stock has a market cap of C$21.42 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

Rogers Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Monday, September 9th. Rogers Communications’s payout ratio is presently 122.70%.

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.