Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI has earned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$67.14.
A number of brokerages have commented on RCI.B. Desjardins dropped their target price on shares of Rogers Communications from C$68.00 to C$61.00 and set a "buy" rating on the stock in a research note on Thursday. National Bankshares dropped their price objective on Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th. BMO Capital Markets upped their target price on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Scotiabank cut their price target on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada upped their price objective on shares of Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th.
Check Out Our Latest Stock Report on Rogers Communications
Rogers Communications Trading Down 0.0 %
TSE RCI.B traded down C$0.02 on Friday, hitting C$50.00. 1,170,752 shares of the stock were exchanged, compared to its average volume of 1,539,821. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. Rogers Communications has a 52-week low of C$48.67 and a 52-week high of C$64.71. The firm has a market capitalization of C$21.08 billion, a P/E ratio of 30.67, a P/E/G ratio of 0.32 and a beta of 0.62. The stock has a fifty day moving average price of C$51.91 and a two-hundred day moving average price of C$52.76.
Rogers Communications Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $2.00 annualized dividend and a dividend yield of 4.00%. Rogers Communications's payout ratio is 122.70%.
About Rogers Communications
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Get Free ReportRogers 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.
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