Rogers Communications (TSE:RCI.A) Stock Gets Price Target Trim from Scotia

Rogers Communications (TSE:RCI.A) had its price target reduced by Scotia from C$60.00 to C$59.00 in a report published on Monday,BayStreet reports. They currently have a sector outperform rating on the stock.

A number of other equities research analysts have also commented on RCI.A. Canaccord Genuity Group upped their price target on Rogers Communications from C$57.50 to C$59.25 and gave the company a “buy” rating in a research report on Monday. Scotiabank lowered their price objective on Rogers Communications from C$61.00 to C$60.00 and set a “sector outperform” rating for the company in a research report on Tuesday, October 20th. Finally, Desjardins lifted their price objective on Rogers Communications from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$58.81.

Rogers Communications Stock Performance

Shares of Rogers Communications stock opened at C$45.44 on Monday. The stock has a market cap of C$24.55 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 0.95 and a beta of 1.06. Rogers Communications has a twelve month low of C$43.00 and a twelve month high of C$56.72. The company’s fifty day moving average is C$48.25 and its 200 day moving average is C$50.50. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

Rogers Communications (TSE:RCI.A) last announced its earnings results on Friday, October 23rd. The company reported C$1.29 earnings per share (EPS) for the quarter. The business had revenue of C$5.44 billion during the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%. Sell-side analysts forecast that Rogers Communications will post 5.10 EPS for the current year.

Rogers Communications Company Profile

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).