Brokerages Set Rogers Communications Inc. (TSE:RCI.B) Target Price at C$72.96

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is C$72.96.

RCI.B has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd. Canaccord Genuity Group lowered their price objective on Rogers Communications from C$71.50 to C$71.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Barclays lowered their price objective on Rogers Communications from C$70.00 to C$63.00 in a research report on Tuesday, April 9th. Desjardins decreased their target price on Rogers Communications from C$75.00 to C$74.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Royal Bank of Canada decreased their target price on Rogers Communications from C$68.00 to C$67.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th.

Rogers Communications Trading Down 0.4 %

RCI.B opened at C$51.93 on Friday. Rogers Communications has a 12 month low of C$50.15 and a 12 month high of C$64.71. The stock has a market capitalization of C$21.82 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 0.92 and a beta of 0.56. The company has a debt-to-equity ratio of 434.09, a current ratio of 0.77 and a quick ratio of 0.58. The business has a fifty day moving average price of C$53.32 and a 200 day moving average price of C$58.08.

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.