Royal Bank of Canada Trims Rogers Communications (TSE:RCI.B) Target Price to C$67.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target dropped by equities researchers at Royal Bank of Canada from C$68.00 to C$67.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 28.82% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. 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. Canaccord Genuity Group dropped their target price on Rogers Communications from C$71.50 to C$71.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank dropped their target price on 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. BMO Capital Markets dropped their target price on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. Finally, TD Securities dropped their target price on Rogers Communications from C$82.00 to C$74.00 in a research report on Thursday. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$72.96.

Rogers Communications Stock Down 0.6 %

Shares of Rogers Communications stock traded down C$0.29 on Thursday, hitting C$52.01. 1,270,994 shares of the company’s stock traded hands, compared to its average volume of 1,510,470. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92. The stock has a market cap of C$21.85 billion, a P/E ratio of 32.10, 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 firm’s 50-day moving average is C$56.98 and its 200 day moving average is C$58.46.

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.