Rogers Communications (TSE:RCI.B) Price Target Cut to C$67.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target dropped by equities researchers at Royal Bank of Canada from C$68.00 to C$67.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 29.17% from the company’s previous close.

RCI.B has been the topic of several other research reports. Barclays dropped their target price on Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. CIBC dropped their target price on Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. JPMorgan Chase & Co. decreased their price target on shares of Rogers Communications from C$90.00 to C$81.00 in a research report on Tuesday, April 2nd. BMO Capital Markets decreased their price target on shares of Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. Finally, Cormark lifted their price target on shares of Rogers Communications from C$76.00 to C$86.00 in a research report on Friday, February 2nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$72.96.

Rogers Communications Price Performance

Shares of TSE:RCI.B opened at C$51.87 on Thursday. Rogers Communications has a 12 month low of C$50.15 and a 12 month high of C$67.67. The stock has a market cap of C$21.79 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 0.92 and a beta of 0.54. The stock’s 50 day moving average price is C$56.60 and its 200 day moving average price is C$58.42. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58.

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.