Desjardins Lowers Rogers Communications (TSE:RCI.B) Price Target to C$74.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by equities research analysts at Desjardins from C$75.00 to C$74.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 42.66% from the stock’s current price.

A number of other brokerages have also issued reports on RCI.B. BMO Capital Markets decreased their target price on shares of Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. CIBC decreased their target price on shares of Rogers Communications from C$80.00 to C$77.00 in a research report on Thursday, April 4th. Barclays reduced their price target on shares of Rogers Communications from C$70.00 to C$63.00 in a research report on Tuesday, April 9th. Royal Bank of Canada reduced their price target on shares of Rogers Communications from C$68.00 to C$67.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Cormark increased their price target on shares of Rogers Communications from C$76.00 to C$86.00 in a research report on Friday, February 2nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Rogers Communications currently has a consensus rating of “Buy” and a consensus target price of C$72.96.

Rogers Communications Stock Down 0.3 %

Shares of RCI.B opened at C$51.87 on Thursday. Rogers Communications has a 52 week low of C$50.15 and a 52 week high of C$67.67. The firm has a market cap of C$21.79 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54. The firm’s 50-day simple moving average is C$56.60 and its 200 day simple moving average is C$58.42. The company has a debt-to-equity ratio of 442.92, a quick ratio of 0.58 and a current ratio of 0.89.

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.