Scotiabank Cuts Rogers Communications (TSE:RCI.B) Price Target to C$71.50

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by Scotiabank from C$75.50 to C$71.50 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada reduced their target price on Rogers Communications from C$73.00 to C$68.00 and set an outperform rating for the company in a report on Wednesday, April 10th. National Bankshares dropped their target price on Rogers Communications from C$78.00 to C$76.00 and set an outperform rating on the stock in a research report on Tuesday, April 9th. Cormark boosted their target price on Rogers Communications from C$76.00 to C$86.00 in a research report on Friday, February 2nd. Desjardins upped their price target on Rogers Communications from C$77.00 to C$79.00 and gave the stock a buy rating in a report on Friday, February 2nd. Finally, Barclays lowered their price target on Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$74.88.

Rogers Communications Trading Up 0.1 %

Shares of TSE RCI.B opened at C$52.18 on Wednesday. Rogers Communications has a twelve month low of C$50.15 and a twelve month high of C$67.67. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 442.92. The stock has a fifty day simple moving average of C$57.77 and a 200-day simple moving average of C$58.40. The stock has a market capitalization of C$21.92 billion, a PE ratio of 32.21, a PEG ratio of 0.92 and a beta of 0.54.

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.