Rogers Communications (TSE:RCI.B) Given New C$61.00 Price Target at Royal Bank of Canada

Rogers Communications (TSE:RCI.BGet Free Report) (NYSE:RCI) had its price objective dropped by investment analysts at Royal Bank of Canada from C$66.00 to C$61.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 36.65% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Desjardins dropped their price target on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research report on Thursday, November 28th. TD Securities reduced their price target on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. National Bankshares lowered their price objective on Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. BMO Capital Markets lifted their price target on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, Scotiabank dropped their price target on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$66.23.

Check Out Our Latest Research Report on Rogers Communications

Rogers Communications Trading Down 1.5 %

Shares of TSE:RCI.B traded down C$0.70 during trading on Wednesday, reaching C$44.64. The stock had a trading volume of 1,149,201 shares, compared to its average volume of 1,597,915. Rogers Communications has a fifty-two week low of C$44.55 and a fifty-two week high of C$64.71. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The business has a fifty day moving average price of C$50.82 and a 200-day moving average price of C$52.40. The stock has a market cap of C$18.82 billion, a P/E ratio of 27.39, a PEG ratio of 0.32 and a beta of 0.62.

Rogers Communications Company Profile

(Get Free Report)

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.

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