Rogers Communications (TSE:RCI.B) Price Target Lowered to C$64.00 at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by equities researchers at Scotiabank from C$66.50 to C$64.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 46.29% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Canaccord Genuity Group reduced their price target on Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday. Royal Bank of Canada dropped their price objective on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. National Bankshares reduced their target price on Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, TD Securities dropped their price target on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$63.25.

Rogers Communications Stock Down 1.8 %

Shares of TSE RCI.B traded down C$0.82 during trading on Wednesday, reaching C$43.75. 747,589 shares of the stock were exchanged, compared to its average volume of 1,722,203. The company has a market capitalization of C$18.45 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The business’s 50-day moving average price is C$48.13 and its 200 day moving average price is C$51.38. 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 has a twelve month low of C$43.13 and a twelve month high of C$64.71.

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.