Rogers Communications (TSE:RCI.B) Price Target Cut to C$54.00 by Analysts at National Bankshares

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price trimmed by National Bankshares from C$62.00 to C$54.00 in a research report report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. TD Securities lowered 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 report on Tuesday, December 3rd. BMO Capital Markets lifted their target price on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Desjardins decreased their price target on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, November 28th. Scotiabank dropped their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada reduced their target price on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$65.05.

Rogers Communications Price Performance

TSE:RCI.B opened at C$44.54 on Friday. The company has a market capitalization of C$18.78 billion, a P/E ratio of 27.33, a P/E/G ratio of 0.32 and a beta of 0.62. The business’s 50-day moving average is C$48.64 and its 200 day moving average is C$51.58. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. Rogers Communications has a 12 month low of C$43.13 and a 12 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.