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

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

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

Rogers Communications Price Performance

Rogers Communications stock opened at C$50.39 on Tuesday. Rogers Communications has a 52 week low of C$48.67 and a 52 week high of C$64.71. The firm has a market cap of C$21.25 billion, a P/E ratio of 31.04, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The business’s fifty day moving average is C$53.07 and its two-hundred day moving average is C$52.95.

Rogers Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Monday, September 9th. Rogers Communications’s dividend payout ratio 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 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.