Rogers Communications (TSE:RCI.B) PT Lowered to C$71.50

Rogers Communications (TSE:RCI.B - Get Free Report) NYSE: RCI had its price objective cut by investment analysts at Scotiabank from C$75.50 to C$71.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 37.03% from the company's current price.

Several other equities research analysts have also issued reports on RCI.B. Canaccord Genuity Group raised their target price on shares of Rogers Communications from C$72.50 to C$74.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Barclays lowered their target price on shares of Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. CIBC lowered their target price on shares of Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. 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 report on Friday, February 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$74.88.

Rogers Communications Trading Up 0.1 %

Shares of Rogers Communications stock traded up C$0.07 during trading on Wednesday, hitting C$52.18. The stock had a trading volume of 1,316,554 shares, compared to its average volume of 1,501,772. The firm's fifty day simple moving average is C$57.77 and its 200-day simple moving average is C$58.40. The stock has a market cap of C$21.92 billion, a PE ratio of 32.21, a PEG ratio of 0.92 and a beta of 0.54. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. Rogers Communications has a 12 month low of C$50.15 and a 12 month high of C$67.67.

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.