Rogers Communications (TSE:RCI.B) Given New C$71.50 Price Target at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective lowered by Scotiabank from C$75.50 to C$71.50 in a report published on Wednesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. CIBC dropped their price objective on Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. Royal Bank of Canada dropped their price objective on Rogers Communications from C$73.00 to C$68.00 and set an outperform rating for the company in a research note on Wednesday, April 10th. TD Securities increased their price objective on Rogers Communications from C$84.00 to C$88.00 and gave the company an action list buy rating in a research note on Friday, February 2nd. National Bankshares dropped their price target on Rogers Communications from C$78.00 to C$76.00 and set an outperform rating for the company in a research note on Tuesday, April 9th. Finally, Barclays dropped their price target on Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of C$74.88.

Rogers Communications Stock Up 0.1 %

Shares of TSE RCI.B opened at C$52.18 on Wednesday. Rogers Communications has a one year low of C$50.15 and a one year high of C$67.67. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. The firm’s 50 day simple moving average is C$57.77 and its two-hundred day simple moving average is C$58.40. The stock has a market capitalization of C$21.92 billion, a P/E ratio of 32.21, a PEG ratio of 0.92 and a beta of 0.54.

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.