Citigroup Trims Rogers Communications (RCI.B) Target Price to C$63.00
Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective lowered by analysts at Citigroup from C$65.00 to C$63.00 in a research note issued on Friday. Citigroup’s target price would suggest a potential upside of 0.83% from the company’s current price.
RCI.B has been the subject of a number of other reports. Scotiabank reissued an “outperform” rating and set a C$75.00 price target on shares of Rogers Communications in a research note on Friday, December 8th. Desjardins set a C$72.00 price target on Rogers Communications and gave the stock a “buy” rating in a research note on Monday, January 8th. Canaccord Genuity raised their price target on Rogers Communications from C$69.00 to C$71.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. CIBC raised their price target on Rogers Communications from C$65.00 to C$67.00 in a research note on Friday, October 20th. Finally, BMO Capital Markets raised their price target on Rogers Communications from C$70.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$69.17.
Rogers Communications (TSE:RCI.B) traded up C$0.23 during trading hours on Friday, hitting C$62.48. The stock had a trading volume of 377,294 shares, compared to its average volume of 774,927. The company has a market cap of $32,180.00, a price-to-earnings ratio of 25.40 and a beta of 0.58. Rogers Communications has a 1-year low of C$51.98 and a 1-year high of C$70.08.
About Rogers Communications
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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