Rogers Communications (TSE:RCI.B) PT Lowered to C$73.00

Rogers Communications (TSE:RCI.BGet Rating) (NYSE:RCI) had its target price decreased by research analysts at Royal Bank of Canada from C$75.00 to C$73.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 24.00% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group raised shares of Rogers Communications to a “buy” rating and set a C$69.00 price objective for the company in a report on Tuesday, June 21st. National Bankshares cut their target price on shares of Rogers Communications from C$80.00 to C$78.00 and set an “outperform” rating for the company in a report on Thursday. Scotiabank assumed coverage on shares of Rogers Communications in a report on Tuesday, June 28th. They issued a “buy” rating and a C$73.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Rogers Communications from C$78.00 to C$90.00 in a report on Thursday, April 21st. Finally, TD Securities raised their target price on shares of Rogers Communications from C$78.00 to C$80.00 and gave the company a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$76.64.

Rogers Communications Trading Down 0.4 %

Shares of RCI.B opened at C$58.87 on Thursday. The company has a debt-to-equity ratio of 324.87, a current ratio of 2.39 and a quick ratio of 0.57. Rogers Communications has a 1 year low of C$56.00 and a 1 year high of C$80.85. The company has a 50 day simple moving average of C$61.71 and a two-hundred day simple moving average of C$65.51. The firm has a market cap of C$29.72 billion and a P/E ratio of 18.75.

About Rogers Communications

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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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