National Bank Financial Has Lowered Expectations for Rogers Communications (TSE:RCI.B) Stock Price

Key Points

• National Bank Financial lowered Rogers Communications’ price target from C$62.00 to C$59.00, still implying approximately 34.7% upside from the reported C$43.81 share price.
• Analyst sentiment remains positive: 10 analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average target of C$58.77.
• Rogers shares were near their one-year low, trading at C$43.81 versus a 52-week range of C$43.56 to C$56.27; the company reported a market capitalization of C$23.67 billion and a P/E ratio of 3.84.

Rogers Communications (TSE:RCI.B - Get Free Report) NYSE: RCI had its price objective decreased by research analysts at National Bank Financial from C$62.00 to C$59.00 in a report released on Wednesday, BayStreet reports. National Bank Financial's price objective would suggest a potential upside of 34.67% from the company's current price.

Other equities analysts have also issued research reports about the stock. TD increased their price target on shares of Rogers Communications from C$60.00 to C$65.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Canaccord Genuity Group reduced their price target on Rogers Communications from C$58.00 to C$57.50 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Royal Bank Of Canada set a C$60.00 price target on shares of Rogers Communications and gave the company an "outperform" rating in a report on Thursday, July 23rd. Desjardins upgraded shares of Rogers Communications from a "hold" rating to a "buy" rating and set a C$58.00 target price for the company in a research report on Monday, September 14th. Finally, Scotiabank increased their target price on Rogers Communications from C$60.50 to C$61.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$58.77.

Rogers Communications Stock Down 0.0%

Shares of Rogers Communications stock traded down C$0.02 during trading hours on Wednesday, reaching C$43.81. The company's stock had a trading volume of 651,778 shares, compared to its average volume of 1,978,036. Rogers Communications has a one year low of C$43.56 and a one year high of C$56.27. The company has a market capitalization of C$23.67 billion, a P/E ratio of 3.84, a P/E/G ratio of 0.32 and a beta of 0.97. 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 stock's fifty day simple moving average is C$49.01 and its two-hundred day simple moving average is C$49.64.

Rogers Communications Company Profile

Rogers is Canada's communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange NYSE: RCI. For more information, please visit rogers.com or about.rogers.com/investor-relations.

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