Rogers Communications (TSE:RCI.B) PT Lowered to C$71.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target dropped by equities research analysts at Canaccord Genuity Group from C$71.50 to C$71.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 36.88% from the stock’s current price.

A number of other research analysts also recently issued reports on RCI.B. Barclays reduced their price target on Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. TD Securities reduced their price target on Rogers Communications from C$82.00 to C$74.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank of Canada reduced their price target on Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. BMO Capital Markets reduced their price target on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$90.00 to C$81.00 in a report on Tuesday, April 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$72.96.

Rogers Communications Stock Down 0.3 %

Shares of TSE:RCI.B opened at C$51.87 on Thursday. Rogers Communications has a 1 year low of C$50.15 and a 1 year high of C$67.67. The company has a market cap of C$21.79 billion, a PE ratio of 32.02, a P/E/G ratio of 0.92 and a beta of 0.54. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. The stock’s 50-day moving average is C$56.60 and its 200 day moving average is C$58.42.

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.