Brokerages Set Rogers Communications Inc. (TSE:RCI.B) Target Price at C$68.59

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$67.77.

A number of brokerages have issued reports on RCI.B. Cormark cut their target price on Rogers Communications from C$74.00 to C$72.00 in a research report on Thursday, July 25th. 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. National Bankshares decreased their target price on shares of Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday. Desjardins decreased their target price on shares of Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, BMO Capital Markets increased their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th.

Rogers Communications Trading Up 0.0 %

RCI.B opened at C$49.91 on Wednesday. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71. The stock has a market capitalization of C$21.05 billion, a PE ratio of 30.25, a P/E/G ratio of 0.32 and a beta of 0.62. The business’s 50 day moving average price is C$53.33 and its 200 day moving average price is C$52.98. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

Rogers Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.01%. 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.