Rogers Communications (TSE:RCI.B) Price Target Raised to C$67.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price upped by BMO Capital Markets from C$65.00 to C$67.00 in a research note published on Thursday, BayStreet.CA reports.

A number of other research analysts have also issued reports on the stock. TD Securities dropped their price target on shares of Rogers Communications from C$74.00 to C$70.00 and set a buy rating on the stock in a research note on Monday, July 22nd. Canaccord Genuity Group cut Rogers Communications from a buy rating to a hold rating and dropped their target price for the stock from C$59.00 to C$57.00 in a research report on Thursday, July 25th. JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$80.00 to C$69.00 and set an overweight rating for the company in a report on Wednesday, July 10th. Royal Bank of Canada dropped their price objective on Rogers Communications from C$67.00 to C$65.00 and set an outperform rating on the stock in a report on Tuesday, July 9th. Finally, Cormark cut their price objective on Rogers Communications from C$74.00 to C$72.00 in a research report on Thursday, July 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of C$69.29.

Rogers Communications Trading Down 0.3 %

TSE:RCI.B opened at C$55.50 on Thursday. Rogers Communications has a 12-month low of C$48.67 and a 12-month high of C$64.71. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The stock’s 50 day simple moving average is C$52.90 and its 200-day simple moving average is C$54.23. The firm has a market cap of C$23.40 billion, a P/E ratio of 34.05, a PEG ratio of 0.92 and a beta of 0.62.

Rogers Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Monday, September 9th. Rogers Communications’s dividend payout ratio is presently 122.70%.

Rogers Communications Company Profile

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.