Royal Bank of Canada Cuts Rogers Communications (TSE:RCI.B) Price Target to C$65.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target lowered by Royal Bank of Canada from C$67.00 to C$65.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also weighed in on RCI.B. Scotiabank dropped their target price on Rogers Communications from C$75.50 to C$71.50 and set an outperform rating on the stock in a research report on Wednesday, April 17th. National Bankshares lowered their target price on Rogers Communications from C$78.00 to C$76.00 and set an outperform rating on the stock in a report on Tuesday, April 9th. BMO Capital Markets lowered their target price on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Desjardins lowered their target price on Rogers Communications from C$75.00 to C$74.00 and set a buy rating on the stock in a report on Thursday, April 25th. Finally, Canaccord Genuity Group lowered their target price on Rogers Communications from C$71.50 to C$71.00 and set a buy rating on the stock in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Rogers Communications currently has a consensus rating of Buy and a consensus price target of C$70.79.

Rogers Communications Stock Performance

Shares of RCI.B opened at C$50.47 on Tuesday. The business’s fifty day moving average price is C$52.58 and its 200 day moving average price is C$56.76. Rogers Communications has a 12-month low of C$48.67 and a 12-month high of C$64.71. The stock has a market capitalization of C$21.20 billion, a PE ratio of 46.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.56. The company has a debt-to-equity ratio of 434.09, a current ratio of 0.77 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.