Canaccord Genuity Group Has Lowered Expectations for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target cut by investment analysts at Canaccord Genuity Group from C$55.00 to C$46.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 4.76% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. TD Securities reduced their target price on 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. Scotiabank dropped their price target on Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. BMO Capital Markets raised their price objective on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Desjardins dropped their target price on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, November 28th. Finally, National Bankshares reduced their target price on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Rogers Communications currently has an average rating of “Moderate Buy” and an average target price of C$63.25.

Rogers Communications Stock Down 1.5 %

RCI.B opened at C$43.91 on Tuesday. The company has a market cap of C$18.52 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. Rogers Communications has a twelve month low of C$43.13 and a twelve month high of C$64.71. The company has a 50-day moving average price of C$47.97 and a 200 day moving average price of C$51.33. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

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.