Rogers Communications (TSE:RCI.B) Given New C$61.00 Price Target at Desjardins

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target dropped by research analysts at Desjardins from C$68.00 to C$61.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 21.61% from the company’s current price.

RCI.B has been the subject of a number of other reports. National Bankshares reduced their target price on shares of Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th. BMO Capital Markets boosted their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Scotiabank cut their price target on shares of Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Rogers Communications from C$65.00 to C$66.00 in a research report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rogers Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.14.

Rogers Communications Stock Performance

Shares of TSE RCI.B traded up C$0.37 during midday trading on Thursday, hitting C$50.16. The company’s stock had a trading volume of 110,118 shares, compared to its average volume of 1,539,144. Rogers Communications has a 1-year low of C$48.67 and a 1-year high of C$64.71. The firm’s fifty day moving average price is C$52.10 and its 200-day moving average price is C$52.78. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The firm has a market cap of C$21.15 billion, a P/E ratio of 30.77, a P/E/G ratio of 0.32 and a beta of 0.62.

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.