Rogers Communications (TSE:RCI.B) Price Target Increased to C$66.00 by Analysts at Royal Bank of Canada

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price lifted by Royal Bank of Canada from C$65.00 to C$66.00 in a report issued on Thursday, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on RCI.B. Cormark lowered their price target on Rogers Communications from C$74.00 to C$72.00 in a research report on Thursday, July 25th. Canaccord Genuity Group cut Rogers Communications from a buy rating to a hold rating and decreased their target price for the stock from C$59.00 to C$57.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on shares of Rogers Communications from C$80.00 to C$69.00 and set an overweight rating on the stock in a report on Wednesday, July 10th. TD Securities decreased their price objective on shares of Rogers Communications from C$74.00 to C$70.00 and set a buy rating for the company in a research note on Monday, July 22nd. Finally, BMO Capital Markets lifted their target price on shares of Rogers Communications from C$65.00 to C$67.00 in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$69.63.

Rogers Communications Stock Up 0.2 %

Shares of TSE RCI.B opened at C$54.09 on Thursday. The stock has a market capitalization of C$22.81 billion, a PE ratio of 33.18, a P/E/G ratio of 0.92 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a fifty day moving average of C$53.75 and a 200-day moving average of C$53.84. Rogers Communications has a 52-week low of C$48.67 and a 52-week high of C$64.71.

Rogers Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) is 122.70%.

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.