Scotiabank Cuts Rogers Communications (TSE:RCI.B) Price Target to C$71.50

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by research analysts at Scotiabank from C$75.50 to C$71.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 35.49% from the company’s current price.

A number of other research firms also recently commented on RCI.B. TD Securities increased their price objective on Rogers Communications from C$84.00 to C$88.00 and gave the company an “action list buy” rating in a report on Friday, February 2nd. Barclays cut their price objective on shares of Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. CIBC lowered their target price on shares of Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. BMO Capital Markets dropped their target price on shares of Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. Finally, Cormark boosted their price target on shares of Rogers Communications from C$76.00 to C$86.00 in a research report on Friday, February 2nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$74.88.

Rogers Communications Price Performance

Rogers Communications stock opened at C$52.77 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 442.92. The company has a fifty day simple moving average of C$57.59 and a 200-day simple moving average of C$58.36. The stock has a market cap of C$22.17 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54. Rogers Communications has a 12-month low of C$50.15 and a 12-month 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.