Rogers Communications (TSE:RCI.B) Price Target Lowered to C$65.00 at BMO Capital Markets

Rogers Communications (TSE:RCI.B - Get Free Report) NYSE: RCI had its price objective lowered by equities researchers at BMO Capital Markets from C$80.00 to C$65.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential upside of 20.35% from the stock's previous close.

Several other brokerages have also recently issued reports on RCI.B. Cormark boosted their price objective on Rogers Communications from C$76.00 to C$86.00 in a report on Friday, February 2nd. Canaccord Genuity Group upped their price target on Rogers Communications from C$72.50 to C$74.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. CIBC upped their price target on Rogers Communications from C$78.00 to C$80.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$90.00 to C$81.00 in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on Rogers Communications from C$72.00 to C$73.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Rogers Communications presently has a consensus rating of "Buy" and a consensus price target of C$75.96.

Rogers Communications Stock Performance

Rogers Communications stock traded down C$1.27 during trading hours on Tuesday, hitting C$54.01. 4,574,391 shares of the stock traded hands, compared to its average volume of 1,504,330. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. The firm's 50 day moving average price is C$60.20 and its 200-day moving average price is C$58.52. The stock has a market capitalization of C$22.69 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 0.92 and a beta of 0.55. Rogers Communications has a 1 year low of C$50.15 and a 1 year high of C$67.67.

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.