Rogers Communications (TSE:RCI.B) Given New C$77.00 Price Target at CIBC

Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI had its price target decreased by CIBC from C$80.00 to C$77.00 in a research report report published on Thursday, BayStreet.CA reports.

RCI.B has been the subject of a number of other research reports. Canaccord Genuity Group lifted their price target on Rogers Communications from C$72.50 to C$74.00 and gave the company a buy rating in a research note on Friday, February 2nd. Desjardins boosted their target price on Rogers Communications from C$77.00 to C$79.00 and gave the stock a buy rating in a research note on Friday, February 2nd. TD Securities boosted their target price on Rogers Communications from C$84.00 to C$88.00 and gave the stock an action list buy rating in a research note on Friday, February 2nd. Scotiabank boosted their target price on Rogers Communications from C$74.50 to C$75.50 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada boosted their target price on Rogers Communications from C$72.00 to C$73.00 and gave the stock an outperform rating in a research note 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. Based on data from MarketBeat.com, Rogers Communications currently has an average rating of Buy and a consensus target price of C$76.38.

Rogers Communications Stock Down 0.4 %

RCI.B stock traded down C$0.22 during mid-day trading on Thursday, reaching C$53.33. 1,023,680 shares of the company traded hands, compared to its average volume of 1,495,024. The stock has a market cap of C$22.40 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 0.92 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92. Rogers Communications has a fifty-two week low of C$50.15 and a fifty-two week high of C$67.67. The firm's 50 day moving average price is C$59.78 and its 200 day moving average price is C$58.47.

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.