Rogers Communications (TSE:RCI.B) Price Target Cut to C$61.00 by Analysts at Desjardins

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price decreased by analysts at Desjardins from C$68.00 to C$61.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 22.00% from the stock’s current price.

A number of other equities analysts have also weighed in on RCI.B. National Bankshares cut their price objective on shares of Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. Royal Bank of Canada boosted their price target on Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. BMO Capital Markets increased their target price on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Finally, Scotiabank dropped their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Rogers Communications has a consensus rating of “Moderate Buy” and an average price target of C$67.14.

Rogers Communications Trading Down 0.0 %

Shares of RCI.B stock opened at C$50.00 on Thursday. The company has a market capitalization of C$21.08 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 0.32 and a beta of 0.62. 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 firm has a 50-day moving average price of C$51.91 and a 200 day moving average price of C$52.75. Rogers Communications has a twelve month low of C$48.67 and a twelve month high of C$64.71.

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.