Rogers Communications (TSE:RCI.B) PT Lowered to C$63.00 at Barclays

Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI had its price target lowered by Barclays from C$70.00 to C$63.00 in a report issued on Tuesday, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on RCI.B. Canaccord Genuity Group increased 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. TD Securities increased their price target on Rogers Communications from C$84.00 to C$88.00 and gave the stock an action list buy rating in a report on Friday, February 2nd. BMO Capital Markets reduced their price target on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. CIBC reduced their price objective on Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. Finally, National Bankshares reduced their price objective on Rogers Communications from C$78.00 to C$76.00 in a report on Tuesday. Seven equities research 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, the stock currently has an average rating of Buy and a consensus target price of C$75.63.

Rogers Communications Trading Up 1.6 %

Shares of TSE:RCI.B traded up C$0.88 during trading on Tuesday, hitting C$54.74. The company had a trading volume of 2,329,621 shares, compared to its average volume of 1,507,400. The stock has a market cap of C$23.00 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54. Rogers Communications has a one year low of C$50.15 and a one year high of C$67.67. The company has a fifty day simple moving average of C$59.17 and a two-hundred day simple moving average of C$58.44. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58.

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.