Rogers Communications (TSE:RCI.A) Given New C$60.00 Price Target at Scotiabank

Rogers Communications (TSE:RCI.A) had its price objective reduced by stock analysts at Scotiabank from C$61.00 to C$60.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 27.88% from the company’s current price.

Separately, Desjardins cut their price objective on shares of Rogers Communications from C$58.00 to C$55.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, Rogers Communications presently has a consensus rating of “Buy” and a consensus price target of C$57.50.

Rogers Communications Stock Down 0.1%

TSE RCI.A traded down C$0.06 on Tuesday, hitting C$46.92. 316 shares of the company were exchanged, compared to its average volume of 1,935. The company has a market cap of C$25.35 billion, a PE ratio of 4.12, a PEG ratio of 0.95 and a beta of 1.06. Rogers Communications has a 12 month low of C$43.00 and a 12 month high of C$56.72. The stock has a fifty day moving average of C$48.98 and a 200-day moving average of C$49.78. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

Rogers Communications (TSE:RCI.A) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported C$1.15 EPS for the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. The business had revenue of C$5.62 billion during the quarter. As a group, analysts forecast that Rogers Communications will post 5.10 earnings per share for the current year.

About Rogers Communications

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).