Rogers Communications (TSE:RCI.B) Price Target Cut to C$68.00 by Analysts at Royal Bank of Canada

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by Royal Bank of Canada from C$73.00 to C$68.00 in a research note released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently weighed in on the company. Canaccord Genuity Group lifted their price target on Rogers Communications from C$72.50 to C$74.00 and gave the company a buy rating in a report on Friday, February 2nd. JPMorgan Chase & Co. lowered their target price on Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd. Desjardins boosted their target price on 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. BMO Capital Markets lowered their target price on Rogers Communications from C$80.00 to C$65.00 in a research note on Tuesday, April 2nd. Finally, Scotiabank boosted their target price on Rogers Communications from C$74.50 to C$75.50 and gave the company an outperform rating in a research note on Friday, February 2nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Buy and a consensus target price of C$75.21.

Rogers Communications Stock Performance

Shares of RCI.B stock opened at C$52.42 on Wednesday. Rogers Communications has a 1-year low of C$50.15 and a 1-year high of C$67.67. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 442.92. The company has a market capitalization of C$22.02 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 0.92 and a beta of 0.54. The stock’s fifty day simple moving average is C$58.40 and its 200-day simple moving average is C$58.40.

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.