Scotiabank Lowers Rogers Communications (TSE:RCI.B) Price Target to C$64.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target dropped by equities researchers at Scotiabank from C$66.50 to C$64.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 46.29% from the stock’s previous close.

RCI.B has been the topic of a number of other reports. Canaccord Genuity Group lowered their target price on shares of Rogers Communications from C$55.00 to C$46.00 in a research report on Tuesday. Royal Bank of Canada dropped their price objective on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Desjardins reduced their target price on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, November 28th. BMO Capital Markets raised their price target on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Finally, TD Securities reduced their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$63.25.

Rogers Communications Stock Down 1.8 %

RCI.B traded down C$0.82 on Wednesday, reaching C$43.75. The company’s stock had a trading volume of 747,589 shares, compared to its average volume of 1,722,203. The company has a market capitalization of C$18.45 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 0.32 and a beta of 0.62. Rogers Communications has a fifty-two week low of C$43.13 and a fifty-two week high of C$64.71. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The stock has a 50 day moving average of C$48.13 and a two-hundred day moving average of C$51.38.

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.