Rogers Communications (TSE:RCI.B) Reaches New 12-Month Low – Here’s What Happened

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) hit a new 52-week low during trading on Monday . The company traded as low as C$43.46 and last traded at C$43.50, with a volume of 563603 shares traded. The stock had previously closed at C$44.19.

Analysts Set New Price Targets

Several brokerages recently commented on RCI.B. Royal Bank of Canada reduced their target price on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Scotiabank reduced their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. TD Securities lowered their target price on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. National Bankshares dropped their target price on Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. Finally, Desjardins decreased their price target on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday, November 28th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Rogers Communications presently has a consensus rating of “Moderate Buy” and an average price target of C$66.23.

Rogers Communications Stock Down 0.2 %

The stock has a market cap of C$18.47 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The firm has a 50 day simple moving average of C$49.96 and a 200-day simple moving average of C$52.07. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

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.