Rogers Communications (TSE:RCI.A) Price Target Raised to C$57.00

Rogers Communications (TSE:RCI.A) had its price target boosted by Desjardins from C$55.00 to C$57.00 in a research note released on Monday,BayStreet reports. Desjardins currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on RCI.A. Canaccord Genuity Group raised their price objective on Rogers Communications from C$57.50 to C$59.25 and gave the company a “buy” rating in a report on Monday. Scotiabank lowered their target price on Rogers Communications from C$61.00 to C$60.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 20th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$58.81.

Rogers Communications Price Performance

TSE RCI.A opened at C$45.44 on Monday. The business has a 50 day simple moving average of C$48.25 and a 200 day simple moving average of C$50.50. Rogers Communications has a 52-week low of C$43.00 and a 52-week high of C$56.72. 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 stock has a market cap of C$24.55 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.95 and a beta of 1.06.

Rogers Communications (TSE:RCI.A) last announced its earnings results on Friday, October 23rd. The company reported C$1.29 EPS for the quarter. The firm had revenue of C$5.44 billion for the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. Analysts anticipate that Rogers Communications will post 5.10 earnings per share for the current fiscal year.

About Rogers Communications

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).