Brokerages Set Rogers Communications Inc. (TSE:RCI.B) Price Target at C$68.59

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$68.59.

A number of research firms have commented on RCI.B. BMO Capital Markets boosted their target price on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. TD Securities decreased their price objective on shares of Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Cormark lowered their price objective on shares of Rogers Communications from C$74.00 to C$72.00 in a research note on Thursday, July 25th. Royal Bank of Canada lifted their target price on shares of Rogers Communications from C$65.00 to C$66.00 in a research report on Thursday, September 19th. Finally, Canaccord Genuity Group lowered shares of Rogers Communications from a “buy” rating to a “hold” rating and lowered their price target for the company from C$59.00 to C$57.00 in a research report on Thursday, July 25th.

Rogers Communications Trading Down 0.8 %

TSE:RCI.B opened at C$50.55 on Wednesday. The stock has a market capitalization of C$21.31 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 0.32 and a beta of 0.62. Rogers Communications has a 1 year low of C$48.67 and a 1 year high of C$64.71. The stock has a fifty day moving average price of C$53.43 and a two-hundred day moving average price of C$53.00. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

Rogers Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were issued a $0.50 dividend. The ex-dividend date was Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.96%. Rogers Communications’s dividend payout ratio (DPR) is 122.70%.

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.