Rogers Communications (TSE:RCI.B) Price Target Lowered to C$67.00 at National Bankshares

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price reduced by National Bankshares from C$77.00 to C$67.00 in a research report issued on Tuesday,BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 35.90% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Desjardins decreased their price objective on Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Cormark reduced their price objective on shares of Rogers Communications from C$74.00 to C$72.00 in a research report on Thursday, July 25th. Canaccord Genuity Group cut Rogers Communications from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$59.00 to C$57.00 in a research report on Thursday, July 25th. TD Securities lowered their target price on shares of Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Royal Bank of Canada lifted their price objective on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Rogers Communications currently has an average rating of “Moderate Buy” and an average price target of C$67.77.

Rogers Communications Stock Performance

Shares of Rogers Communications stock traded down C$0.60 during trading hours on Tuesday, reaching C$49.30. The company had a trading volume of 480,190 shares, compared to its average volume of 1,525,693. The firm has a market cap of C$20.79 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71. The business has a fifty day simple moving average of C$53.33 and a 200 day simple moving average of C$52.98. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

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.