Rogers Communications (TSE:RCI.B) Price Target Cut to C$64.00 by Analysts at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective trimmed by Scotiabank from C$66.50 to C$64.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities analysts have also issued research reports about the stock. National Bankshares dropped their target price on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. TD Securities dropped their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Canaccord Genuity Group cut their target price on Rogers Communications from C$55.00 to C$46.00 in a research report on Tuesday. Royal Bank of Canada lowered their target price on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Finally, Desjardins cut 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rogers Communications has an average rating of “Moderate Buy” and an average price target of C$63.25.

Rogers Communications Stock Down 3.8 %

Rogers Communications stock opened at C$41.83 on Wednesday. The firm has a market cap of C$17.64 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 0.32 and a beta of 0.62. Rogers Communications has a 52-week low of C$41.78 and a 52-week high of C$64.71. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The firm has a 50 day moving average price of C$47.65 and a two-hundred day moving average price of C$51.19.

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.