Rogers Communications (TSE:RCI.B) Price Target Lowered to C$64.00 at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by Scotiabank from C$66.50 to C$64.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently commented on RCI.B. Canaccord Genuity Group decreased their price target on Rogers Communications from C$55.00 to C$46.00 in a research report on Tuesday. 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. National Bankshares reduced their target price on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets upped their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, TD Securities cut their price objective on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Rogers Communications has an average rating of “Moderate Buy” and a consensus target price of C$63.25.

Rogers Communications Trading Down 1.5 %

RCI.B opened at C$43.91 on Wednesday. The firm has a market capitalization of C$18.52 billion, a PE ratio of 26.94, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. Rogers Communications has a fifty-two week low of C$43.13 and a fifty-two week high of C$64.71. The company’s 50-day moving average is C$47.97 and its 200 day moving average is C$51.33.

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.