Rogers Communications (TSE:RCI.B) Price Target Raised to C$78.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target raised by analysts at JPMorgan Chase & Co. from C$72.00 to C$78.00 in a research report issued on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price points to a potential upside of 20.87% from the company’s current price.

RCI.B has been the subject of several other reports. National Bank Financial lifted their price target on Rogers Communications to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Royal Bank of Canada cut their price objective on Rogers Communications from C$77.00 to C$76.00 and set an “outperform” rating for the company in a report on Thursday. UBS Group boosted their target price on Rogers Communications from C$61.00 to C$64.00 and gave the company a “na” rating in a research note on Thursday, April 22nd. Canaccord Genuity boosted their target price on Rogers Communications from C$71.00 to C$75.00 in a research note on Tuesday, July 13th. Finally, National Bankshares upped their price target on Rogers Communications from C$74.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$70.14.

Rogers Communications stock traded up C$0.10 during mid-day trading on Thursday, reaching C$64.53. The stock had a trading volume of 933,087 shares, compared to its average volume of 1,514,955. The company has a debt-to-equity ratio of 195.98, a current ratio of 0.91 and a quick ratio of 0.70. Rogers Communications has a fifty-two week low of C$50.68 and a fifty-two week high of C$67.59. The company has a 50-day simple moving average of C$64.01. The stock has a market cap of C$32.58 billion and a price-to-earnings ratio of 20.43.

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.

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