TD Securities Cuts Rogers Communications (TSE:RCI.B) Price Target to C$74.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by investment analysts at TD Securities from C$82.00 to C$74.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 42.66% from the stock’s previous close.

A number of other research firms have also weighed in on RCI.B. JPMorgan Chase & Co. reduced their price objective on shares of Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd. Royal Bank of Canada reduced their price target on shares of Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating for the company in a research report on Wednesday, April 10th. Scotiabank reduced their price target on shares of Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. National Bankshares reduced their price target on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating for the company in a research report on Tuesday, April 9th. Finally, Canaccord Genuity Group boosted their price target on shares of Rogers Communications from C$72.50 to C$74.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$72.96.

Rogers Communications Stock Down 0.3 %

Rogers Communications stock 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 firm has a market capitalization of C$21.79 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 0.92 and a beta of 0.54. 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 firm has a 50 day simple moving average of C$56.60 and a 200 day simple moving average of C$58.42.

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.