Rogers Communications (TSE:RCI.B) PT Lowered to C$57.00

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Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by research analysts at Canaccord Genuity from C$66.00 to C$57.00 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity’s target price points to a potential upside of 2.02% from the company’s current price.

RCI.B has been the subject of a number of other reports. Royal Bank of Canada decreased their price target on Rogers Communications from C$72.00 to C$66.00 in a research note on Wednesday, March 18th. JPMorgan Chase & Co. increased their price target on Rogers Communications from C$62.00 to C$64.00 in a research note on Thursday, January 23rd. TD Securities cut Rogers Communications from an “action list buy” rating to a “buy” rating and set a C$80.00 price objective for the company. in a research note on Thursday, March 12th. National Bank Financial raised their price objective on Rogers Communications from C$73.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, CIBC raised their price objective on Rogers Communications from C$66.00 to C$68.00 in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$71.55.

Rogers Communications stock opened at C$55.87 on Wednesday. The stock has a 50-day moving average of C$61.96 and a two-hundred day moving average of C$63.86. The company has a debt-to-equity ratio of 211.66, a quick ratio of 0.69 and a current ratio of 0.86. Rogers Communications has a one year low of C$48.00 and a one year high of C$72.89. The stock has a market cap of $22.69 billion and a PE ratio of 14.07.

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.

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