Scotiabank Cuts Rogers Communications (TSE:RCI.A) Price Target to C$69.00

Rogers Communications (TSE:RCI.A) had its target price lowered by Scotiabank from C$71.50 to C$69.00 in a report published on Thursday,BayStreet.CA reports.

Rogers Communications Stock Down 0.0 %

Shares of TSE:RCI.A opened at C$53.99 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. Rogers Communications has a 12 month low of C$51.77 and a 12 month high of C$64.95. The company has a 50-day moving average price of C$55.83 and a 200 day moving average price of C$56.13. The company has a market cap of C$6.00 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 0.95 and a beta of 0.62.

Rogers Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) is currently 122.70%.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.