Scotiabank Cuts Rogers Communications (TSE:RCI.A) Price Target to C$69.00

Rogers Communications (TSE:RCI.A) had its price objective trimmed by Scotiabank from C$71.50 to C$69.00 in a report published on Thursday morning,BayStreet.CA reports.

Rogers Communications Stock Down 0.0 %

TSE RCI.A opened at C$53.99 on Thursday. The business’s fifty day simple moving average is C$55.83 and its 200-day simple moving average is C$56.14. 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$6.00 billion, a PE ratio of 33.12, a P/E/G ratio of 0.95 and a beta of 0.62. Rogers Communications has a 52 week low of C$51.77 and a 52 week high of C$64.95.

Rogers Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) is 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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.