Rogers Communications (TSE:RCI.B) PT Raised to C$75.00 at Royal Bank of Canada

Rogers Communications (TSE:RCI.BGet Rating) (NYSE:RCI) had its target price upped by analysts at Royal Bank of Canada from C$72.00 to C$75.00 in a research note issued on Monday, BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 1.16% from the stock’s current price.

RCI.B has been the topic of several other research reports. TD Securities boosted their price objective on shares of Rogers Communications from C$70.00 to C$75.00 and gave the stock a “buy” rating in a report on Friday, January 28th. National Bankshares lifted their target price on shares of Rogers Communications from C$74.00 to C$77.00 and gave the company an “outperform” rating in a research report on Thursday, March 31st. Canaccord Genuity Group lifted their target price on shares of Rogers Communications from C$62.00 to C$65.00 in a research report on Tuesday, January 11th. Desjardins upgraded shares of Rogers Communications to a “buy” rating and set a C$72.00 target price on the stock in a research report on Friday, January 28th. Finally, CIBC upgraded shares of Rogers Communications from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$64.00 to C$68.00 in a research report on Tuesday, January 25th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications currently has an average rating of “Buy” and an average price target of C$72.23.

Shares of TSE:RCI.B traded up C$0.62 on Monday, hitting C$74.14. 510,715 shares of the company were exchanged, compared to its average volume of 1,688,936. The company’s 50 day moving average price is C$67.69 and its two-hundred day moving average price is C$62.53. Rogers Communications has a one year low of C$56.00 and a one year high of C$74.29. The company has a debt-to-equity ratio of 216.91, a quick ratio of 0.56 and a current ratio of 0.68. The firm has a market capitalization of C$37.44 billion and a price-to-earnings ratio of 24.15.

Rogers Communications Company Profile (Get Rating)

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.

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