Rogers Communications (TSE:RCI.B) Price Target Cut to C$61.00 by Analysts at Royal Bank of Canada

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target decreased by Royal Bank of Canada from C$66.00 to C$61.00 in a report published on Wednesday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the stock. TD Securities decreased their price target on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Scotiabank reduced their price target on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. National Bankshares lowered their price objective on Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. BMO Capital Markets raised their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, Desjardins cut their target price on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, November 28th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Rogers Communications currently has an average rating of “Moderate Buy” and a consensus target price of C$66.23.

Rogers Communications Stock Up 1.1 %

Shares of TSE RCI.B opened at C$44.19 on Wednesday. The firm has a fifty day simple moving average of C$50.31 and a two-hundred day simple moving average of C$52.21. Rogers Communications has a 12 month low of C$43.47 and a 12 month high of C$64.71. 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 market capitalization of C$18.63 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

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 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.