Rogers Communications (TSE:RCI.B) PT Lowered to C$74.00 at TD Securities

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target cut by investment analysts at TD Securities from C$82.00 to C$74.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 42.28% from the stock’s current price.

RCI.B has been the topic of several other reports. BMO Capital Markets dropped their price objective on shares of Rogers Communications from C$80.00 to C$65.00 in a research note on Tuesday, April 2nd. Cormark boosted their price objective on shares of Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. JPMorgan Chase & Co. lowered their price target on shares of Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd. Scotiabank lowered their price target on shares of Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Finally, CIBC lowered their price target on shares of Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$72.96.

Rogers Communications Stock Performance

RCI.B stock traded down C$0.29 on Thursday, hitting C$52.01. The company’s stock had a trading volume of 1,270,994 shares, compared to its average volume of 1,510,470. The firm has a 50 day moving average of C$56.98 and a two-hundred day moving average of C$58.46. Rogers Communications has a 1 year low of C$50.15 and a 1 year high of C$67.67. The stock has a market cap of C$21.85 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth 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.

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.