Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI had its price target reduced by Royal Bank of Canada from C$66.00 to C$61.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research firms also recently weighed in on RCI.B. Desjardins decreased their price target 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, November 28th. BMO Capital Markets upped their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. TD Securities cut their price target on shares of Rogers Communications from C$71.00 to C$65.00 and set a "buy" rating for the company in a research note on Tuesday, December 3rd. Scotiabank lowered their price objective on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. Finally, National Bankshares dropped their target price on Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$66.23.
Check Out Our Latest Report on Rogers Communications
Rogers Communications Stock Performance
RCI.B stock traded down C$0.96 on Wednesday, reaching C$44.38. 3,227,084 shares of the company were exchanged, compared to its average volume of 1,606,678. The firm has a market capitalization of C$18.71 billion, a PE ratio of 27.23, a PEG ratio of 0.32 and a beta of 0.62. Rogers Communications has a 12 month low of C$44.36 and a 12 month high of C$64.71. The stock's fifty day moving average price is C$50.82 and its 200 day moving average price is C$52.40. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.
About Rogers Communications
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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.
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