Rogers Communications (TSE:RCI.B) Price Target Cut to C$71.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by Canaccord Genuity Group from C$71.50 to C$71.00 in a report released on Thursday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. BMO Capital Markets dropped their price target on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Rogers Communications from C$73.00 to C$68.00 and set an outperform rating on the stock in a research report on Wednesday, April 10th. Cormark lifted their price objective on Rogers Communications from C$76.00 to C$86.00 in a report on Friday, February 2nd. National Bankshares decreased their price objective on Rogers Communications from C$78.00 to C$76.00 and set an outperform rating on the stock in a report on Tuesday, April 9th. Finally, Scotiabank decreased their price objective on Rogers Communications from C$75.50 to C$71.50 and set an outperform rating on the stock in a report on Wednesday, April 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of C$72.96.

Rogers Communications Stock Down 0.6 %

Shares of RCI.B stock opened at C$52.00 on Thursday. The stock’s 50 day simple moving average is C$56.79 and its 200 day simple moving average is C$58.42. The company has a debt-to-equity ratio of 442.92, a quick ratio of 0.58 and a current ratio of 0.89. Rogers Communications has a twelve month low of C$50.15 and a twelve month high of C$67.67. The company has a market capitalization of C$21.85 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 0.92 and a beta of 0.54.

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.