Rogers Communications Inc. (TSE:RCI.B) Receives C$69.29 Consensus Target Price from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$69.63.

Several research firms have weighed in on RCI.B. JPMorgan Chase & Co. cut their target price on Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Cormark reduced their price objective on shares of Rogers Communications from C$74.00 to C$72.00 in a research note on Thursday, July 25th. Canaccord Genuity Group cut shares of Rogers Communications from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$59.00 to C$57.00 in a report on Thursday, July 25th. TD Securities cut 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 report on Monday, July 22nd. Finally, BMO Capital Markets lifted their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th.

Rogers Communications Stock Down 0.7 %

Shares of TSE:RCI.B opened at C$54.43 on Tuesday. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The stock has a market cap of C$22.95 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 0.92 and a beta of 0.62. The company has a 50 day moving average of C$53.91 and a 200-day moving average of C$53.76. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71.

Rogers Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 122.70%.

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.