Rogers Communications (TSE:RCI.B) Given New C$66.50 Price Target at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by Scotiabank from C$69.00 to C$66.50 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

A number of other research firms also recently commented on RCI.B. Desjardins dropped their target price on shares of Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada upped their price target on Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. BMO Capital Markets raised their price objective on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, National Bankshares decreased their target price on 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 given a buy rating to the company’s stock. According to MarketBeat.com, Rogers Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.14.

Rogers Communications Price Performance

Shares of Rogers Communications stock opened at C$50.00 on Tuesday. Rogers Communications has a 52 week low of C$48.67 and a 52 week 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 stock has a market cap of C$21.08 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The company’s 50-day moving average price is C$51.91 and its two-hundred day moving average price is C$52.75.

Rogers Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Monday, September 9th. Rogers Communications’s payout ratio is 122.70%.

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.