Rogers Communications (TSE:RCI.B) Price Target Lowered to C$61.00 at Desjardins

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by research analysts at Desjardins from C$68.00 to C$61.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 21.61% from the company’s previous close.

A number of other research firms have also recently commented on RCI.B. BMO Capital Markets raised their target price on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Scotiabank decreased their price target on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday. Royal Bank of Canada raised their price target on shares of Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. Finally, National Bankshares cut their price target on shares of Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Rogers Communications currently has an average rating of “Moderate Buy” and an average price target of C$67.14.

Rogers Communications Stock Performance

RCI.B traded up C$0.37 during midday trading on Thursday, hitting C$50.16. 110,118 shares of the company were exchanged, compared to its average volume of 1,539,144. Rogers Communications has a 1-year low of C$48.67 and a 1-year high of C$64.71. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The firm has a market capitalization of C$21.15 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The company’s 50 day simple moving average is C$52.10 and its 200 day simple moving average is C$52.78.

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.