National Bankshares Cuts Rogers Communications (TSE:RCI.B) Price Target to C$54.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target lowered by National Bankshares from C$62.00 to C$54.00 in a research report released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently weighed in on RCI.B. BMO Capital Markets boosted their target price on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Desjardins reduced their price target on shares of 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. TD Securities dropped their price objective on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Scotiabank decreased their target price on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada dropped their price target on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$65.05.

Rogers Communications Trading Up 1.8 %

TSE:RCI.B opened at C$44.54 on Friday. 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 1 year low of C$43.13 and a 1 year high of C$64.71. The stock has a market cap of C$18.78 billion, a P/E ratio of 27.33, a P/E/G ratio of 0.32 and a beta of 0.62. The stock has a 50-day simple moving average of C$48.44 and a 200-day simple moving average of C$51.50.

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.