Rogers Communications (TSE:RCI.A) Price Target Cut to C$55.00 by Analysts at Desjardins

Rogers Communications (TSE:RCI.A) had its target price lowered by Desjardins from C$58.00 to C$55.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 22.66% from the company’s current price.

Rogers Communications Stock Up 0.6%

RCI.A stock traded up C$0.26 during mid-day trading on Wednesday, reaching C$44.84. 718 shares of the company traded hands, compared to its average volume of 1,924. The stock has a market cap of C$24.22 billion, a price-to-earnings ratio of 3.93, a P/E/G ratio of 0.95 and a beta of 1.06. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. Rogers Communications has a fifty-two week low of C$44.00 and a fifty-two week high of C$56.72. The firm’s 50 day moving average price is C$49.70 and its 200 day moving average price is C$50.32.

Rogers Communications (TSE:RCI.A) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported C$1.15 EPS for the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%.The firm had revenue of C$5.62 billion during the quarter. As a group, equities research analysts predict that Rogers Communications will post 5.100365 EPS for the current fiscal year.

Rogers Communications Company Profile

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).