Rogers Communications (TSE:RCI.B) PT Lowered to C$71.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by analysts at Canaccord Genuity Group from C$71.50 to C$71.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 36.51% from the company’s current price.

A number of other research analysts have also issued reports on RCI.B. Desjardins boosted their target price on shares of Rogers Communications from C$77.00 to C$79.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada lowered their price objective on shares of Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. National Bankshares lowered their price objective on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 9th. Scotiabank decreased their price target on shares of Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, Barclays decreased their price target on shares of Rogers Communications from C$70.00 to C$63.00 in a research report on Tuesday, April 9th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rogers Communications presently has an average rating of “Buy” and a consensus price target of C$72.96.

Rogers Communications Stock Performance

Rogers Communications stock traded down C$0.29 during midday trading on Thursday, reaching C$52.01. 1,270,994 shares of the stock traded hands, compared to its average volume of 1,510,470. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 442.92. The firm has a fifty day moving average price of C$56.98 and a two-hundred day moving average price of C$58.46. The firm has a market cap of C$21.85 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 0.92 and a beta of 0.54. Rogers Communications has a fifty-two week low of C$50.15 and a fifty-two week high of C$67.67.

About Rogers Communications

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.