Rogers Communications (TSE:RCI.B) Price Target Lowered to C$74.00 at Desjardins

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target trimmed by Desjardins from C$75.00 to C$74.00 in a research report released on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. TD Securities lowered their target price on Rogers Communications from C$82.00 to C$74.00 and set a buy rating for the company in a report on Thursday. CIBC lowered their target price on Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. National Bankshares lowered their target price on Rogers Communications from C$78.00 to C$76.00 and set an outperform rating for the company in a report on Tuesday, April 9th. Scotiabank lowered their target price on Rogers Communications from C$75.50 to C$71.50 and set an outperform rating for the company in a report on Wednesday, April 17th. Finally, Canaccord Genuity Group lowered their target price on Rogers Communications from C$71.50 to C$71.00 and set a buy rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of C$72.96.

Rogers Communications Stock Performance

Shares of Rogers Communications stock opened at C$51.87 on Thursday. The stock’s fifty day moving average is C$56.60 and its two-hundred day moving average is C$58.48. The company has a market capitalization of C$21.79 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92. Rogers Communications has a 52 week low of C$50.15 and a 52 week high of C$67.67.

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.