Rogers Communications (TSE:RCI.B) Price Target Cut to C$67.00 by Analysts at Royal Bank of Canada

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target lowered by Royal Bank of Canada from C$68.00 to C$67.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on RCI.B. Scotiabank cut 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 note on Wednesday, April 17th. Desjardins increased their target price on shares of Rogers Communications from C$77.00 to C$79.00 and gave the company a buy rating in a research report on Friday, February 2nd. BMO Capital Markets decreased their price target on shares of Rogers Communications from C$80.00 to C$65.00 in a research note on Tuesday, April 2nd. Barclays decreased their price target on shares of Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. Finally, Cormark increased their price target on shares of Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. Seven 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, Rogers Communications presently has a consensus rating of Buy and an average target price of C$72.96.

Rogers Communications Trading Down 0.6 %

TSE RCI.B opened at C$52.00 on Thursday. The company has a fifty day simple moving average of C$56.79 and a two-hundred day simple moving average of C$58.42. The stock has a market cap of C$21.85 billion, a P/E ratio of 32.10, a P/E/G ratio of 0.92 and a beta of 0.54. Rogers Communications has a 12-month low of C$50.15 and a 12-month high of C$67.67. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 442.92.

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.