National Bankshares Trims Rogers Communications (TSE:RCI.B) Target Price to C$76.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target decreased by National Bankshares from C$78.00 to C$76.00 in a report published on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets lowered their price target on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. CIBC reduced their target price on shares of Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. Barclays reduced their target price on shares of Rogers Communications from C$74.00 to C$70.00 in a research note on Monday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd. Finally, Desjardins increased their target price on shares of Rogers Communications from C$77.00 to C$79.00 and gave the company a buy rating in a research note on Friday, February 2nd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Buy and an average target price of C$75.21.

Rogers Communications Trading Down 0.5 %

Shares of TSE:RCI.B opened at C$53.57 on Tuesday. The company has a market cap of C$22.51 billion, a P/E ratio of 33.07, a P/E/G ratio of 0.92 and a beta of 0.54. The stock’s 50-day moving average is C$58.63 and its 200-day moving average is C$58.37. Rogers Communications has a 52-week low of C$50.15 and a 52-week high of C$67.67. The company has a debt-to-equity ratio of 442.92, a quick ratio of 0.58 and a current ratio of 0.89.

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.