Royal Bank of Canada Cuts Rogers Communications (TSE:RCI.B) Price Target to C$67.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by Royal Bank of Canada from C$68.00 to C$67.00 in a research note published on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Scotiabank dropped their price objective on shares of 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. National Bankshares dropped their price objective on shares of 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. Barclays dropped their price objective on shares of Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. Desjardins raised their price target on shares of Rogers Communications from C$77.00 to C$79.00 and gave the stock a buy rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group lowered their price target on shares of Rogers Communications from C$71.50 to C$71.00 and set a buy rating for the company in a report on Thursday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Rogers Communications currently has a consensus rating of Buy and a consensus price target of C$72.96.

Rogers Communications Stock Down 0.3 %

Shares of TSE RCI.B opened at C$51.87 on Thursday. The company has a 50 day simple moving average of C$56.60 and a 200 day simple moving average of C$58.48. The firm has a market cap 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. Rogers Communications has a 1 year low of C$50.15 and a 1 year high of C$67.67. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58.

About Rogers Communications

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.