Canaccord Genuity Group Lowers Rogers Communications (TSE:RCI.B) Price Target to C$46.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by analysts at Canaccord Genuity Group from C$55.00 to C$46.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 2.84% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. National Bankshares decreased their price target on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday. Scotiabank decreased their price target on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. Desjardins dropped their price objective on 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. Royal Bank of Canada decreased their target price on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Finally, TD Securities dropped their price target on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$63.46.

Rogers Communications Trading Up 1.4 %

Rogers Communications stock traded up C$0.62 during mid-day trading on Tuesday, hitting C$44.73. The company’s stock had a trading volume of 564,963 shares, compared to its average volume of 1,583,391. Rogers Communications has a 1 year low of C$43.13 and a 1 year high of C$64.71. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The firm has a market capitalization of C$18.86 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The stock’s fifty day moving average is C$48.27 and its two-hundred day moving average is C$51.43.

About Rogers Communications

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.