Rogers Communications (TSE:RCI.B) Given New C$66.50 Price Target at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by Scotiabank from C$69.00 to C$66.50 in a research note published on Tuesday morning,BayStreet.CA reports.

Several other equities analysts have also commented on the stock. National Bankshares lowered their price objective on shares of Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. 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. Royal Bank of Canada boosted their price objective on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. Finally, Desjardins decreased 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 report on Thursday, October 17th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Rogers Communications presently has an average rating of “Moderate Buy” and a consensus price target of C$67.32.

Rogers Communications Stock Down 0.8 %

TSE RCI.B opened at C$49.76 on Tuesday. The stock has a 50 day moving average price of C$52.22 and a 200-day moving average price of C$52.79. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71. 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 company has a market capitalization of C$20.98 billion, a P/E ratio of 30.53, a P/E/G ratio of 0.32 and a beta of 0.62.

Rogers Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $2.00 annualized dividend and a dividend yield of 4.02%. Rogers Communications’s dividend payout ratio (DPR) 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.