Rogers Communications (TSE:RCI.B) Price Target Cut to C$67.00 by Analysts at National Bankshares

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price dropped by equities research analysts at National Bankshares from C$77.00 to C$67.00 in a research note issued on Tuesday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 33.04% from the stock’s previous close.

Other analysts also recently issued reports about the company. Royal Bank of Canada raised their target price on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. Cormark reduced their target price on Rogers Communications from C$74.00 to C$72.00 in a research note on Thursday, July 25th. Desjardins reduced their target price on 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. Canaccord Genuity Group downgraded Rogers Communications from a “buy” rating to a “hold” rating and reduced their target price for the company from C$59.00 to C$57.00 in a research note on Thursday, July 25th. Finally, TD Securities reduced their target price on 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.77.

Rogers Communications Stock Performance

Shares of Rogers Communications stock opened at C$50.36 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The business has a 50-day moving average price of C$53.23 and a two-hundred day moving average price of C$52.97. Rogers Communications has a 1-year low of C$48.67 and a 1-year high of C$64.71. The company has a market cap of C$21.23 billion, a P/E ratio of 30.62, a PEG ratio of 0.32 and a beta of 0.62.

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.