National Bank Financial Cuts Rogers Communications (TSE:RCI.B) Price Target to C$59.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price reduced by National Bank Financial from C$62.00 to C$59.00 in a research note issued to investors on Wednesday morning,BayStreet reports.

A number of other brokerages also recently weighed in on RCI.B. Canaccord Genuity Group reduced their price target on shares of Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating for the company in a report on Thursday, July 23rd. Desjardins upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating and set a C$58.00 price objective on the stock in a report on Monday, September 14th. Royal Bank Of Canada set a C$60.00 price objective on shares of Rogers Communications and gave the company an “outperform” rating in a research report on Thursday, July 23rd. TD increased their target price on shares of Rogers Communications from C$60.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley decreased their target price on Rogers Communications from C$50.00 to C$42.00 in a research report on Tuesday, July 21st. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Rogers Communications has a consensus rating of “Moderate Buy” and an average price target of C$58.77.

Rogers Communications Stock Performance

RCI.B stock opened at C$43.94 on Wednesday. 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 company has a market capitalization of C$23.74 billion, a price-to-earnings ratio of 3.85, a P/E/G ratio of 0.32 and a beta of 0.97. Rogers Communications has a 12 month low of C$42.95 and a 12 month high of C$56.27. The firm has a 50 day moving average of C$48.87 and a two-hundred day moving average of C$49.47.

About Rogers Communications

Rogers is Canada’s communications, sports 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). For more information, please visit rogers.com or about.rogers.com/investor-relations.