Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI's stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$46.14 and last traded at C$46.20, with a volume of 271975 shares trading hands. The stock had previously closed at C$47.54.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on RCI.B shares. Royal Bank of Canada raised their price target on shares of Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. TD Securities reduced their target price on 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. Desjardins decreased their target price on Rogers Communications from C$68.00 to C$61.00 and set a "buy" rating for the company in a research report on Thursday, November 28th. Scotiabank cut their price target on Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. Finally, BMO Capital Markets raised their price objective on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$66.68.
Check Out Our Latest Analysis on RCI.B
Rogers Communications Price Performance
The firm's 50 day moving average price is C$50.97 and its two-hundred day moving average price is C$52.45. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The stock has a market cap of C$19.16 billion, a PE ratio of 28.54, a P/E/G ratio of 0.32 and a beta of 0.62.
About Rogers Communications
(
Get Free Report)
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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