Rogers Communications (TSE:RCI.B) PT Lowered to C$74.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by equities researchers at TD Securities from C$82.00 to C$74.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 42.66% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Rogers Communications from C$72.50 to C$74.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barclays decreased their target price on shares of Rogers Communications from C$70.00 to C$63.00 in a research report on Tuesday, April 9th. Scotiabank decreased their target price on shares of Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Desjardins lifted their target price on shares of Rogers Communications from C$77.00 to C$79.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Rogers Communications from C$90.00 to C$81.00 in a research report on Tuesday, April 2nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$72.96.

Rogers Communications Stock Down 0.3 %

RCI.B opened at C$51.87 on Thursday. The stock has a market cap of C$21.79 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 0.92 and a beta of 0.54. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92. The company’s 50-day moving average price is C$56.60 and its two-hundred day moving average price is C$58.42. Rogers Communications has a twelve month low of C$50.15 and a twelve month high of C$67.67.

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.