Rogers Communications (TSE:RCI.B) Price Target Cut to C$59.00 by Analysts at Canaccord Genuity Group

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price lowered by Canaccord Genuity Group from C$71.00 to C$59.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

RCI.B has been the subject of a number of other research reports. National Bankshares dropped their price objective on shares of Rogers Communications from C$78.00 to C$76.00 and set an outperform rating for the company in a report on Tuesday, April 9th. Scotiabank lowered their price target on Rogers Communications from C$75.50 to C$71.50 and set an outperform rating on the stock in a report on Wednesday, April 17th. Royal Bank of Canada dropped their price objective on shares of Rogers Communications from C$67.00 to C$65.00 and set an outperform rating on the stock in a research note on Tuesday. CIBC decreased their price target on Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. Finally, TD Securities decreased their target price on shares of Rogers Communications from C$82.00 to C$74.00 and set a buy rating on the stock in a research report on Thursday, April 25th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and an average target price of C$70.79.

Rogers Communications Stock Up 0.8 %

Shares of TSE RCI.B opened at C$50.86 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.77 and a debt-to-equity ratio of 434.09. The business’s 50 day moving average is C$52.54 and its two-hundred day moving average is C$56.69. Rogers Communications has a 52-week low of C$48.67 and a 52-week high of C$64.71. The firm has a market cap of C$21.37 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 0.92 and a beta of 0.56.

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.