Rogers Communications (TSE:RCI.B) PT Lowered to C$74.00 at Desjardins

Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI had its price objective lowered by Desjardins from C$75.00 to C$74.00 in a research report released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also issued reports on RCI.B. Scotiabank lowered their target price on shares of Rogers Communications from C$75.50 to C$71.50 and set an outperform rating on the stock in a research report on Wednesday, April 17th. CIBC dropped their price objective on shares of Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. Royal Bank of Canada decreased their target price on shares of Rogers Communications from C$68.00 to C$67.00 and set an outperform rating for the company in a research note on Thursday. National Bankshares dropped their price target on Rogers Communications from C$78.00 to C$76.00 and set an outperform rating on the stock in a research report on Tuesday, April 9th. Finally, BMO Capital Markets decreased their price objective on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of C$72.96.

Rogers Communications Stock Down 0.6 %

RCI.B stock traded down C$0.30 during midday trading on Thursday, reaching C$52.00. 1,958,959 shares of the company were exchanged, compared to its average volume of 1,519,784. The stock's 50-day simple moving average is C$56.79 and its 200 day simple moving average is C$58.42. Rogers Communications has a 1-year low of C$50.15 and a 1-year high of C$67.67. The company has a debt-to-equity ratio of 442.92, a quick ratio of 0.58 and a current ratio of 0.89. The company has a market cap of C$21.85 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54.

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.