Rogers Communications (TSE:RCI.B) Price Target Cut to C$68.00

Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI had its target price decreased by Royal Bank of Canada from C$73.00 to C$68.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

RCI.B has been the topic of a number of other research reports. Barclays cut their price objective on shares of Rogers Communications from C$70.00 to C$63.00 in a research report on Tuesday. TD Securities lifted their price objective on shares of Rogers Communications from C$84.00 to C$88.00 and gave the company an action list buy rating in a research note on Friday, February 2nd. Desjardins lifted their price objective on shares of Rogers Communications from C$77.00 to C$79.00 and gave the company a buy rating in a research note on Friday, February 2nd. Cormark boosted their price target on shares of Rogers Communications from C$76.00 to C$86.00 in a report on Friday, February 2nd. Finally, BMO Capital Markets dropped their target price on shares of Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of C$75.21.

Rogers Communications Trading Down 1.7 %

RCI.B stock traded down C$0.92 during trading on Wednesday, hitting C$53.82. The company had a trading volume of 1,569,296 shares, compared to its average volume of 1,508,330. The firm has a market capitalization of C$22.61 billion, a P/E ratio of 33.10, a PEG ratio of 0.92 and a beta of 0.54. Rogers Communications has a 52-week low of C$50.15 and a 52-week high of C$67.67. The company has a 50 day simple moving average of C$59.00 and a 200-day simple moving average of C$58.44. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92.

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.