Scotiabank Cuts Rogers Communications (TSE:RCI.B) Price Target to C$66.50

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price reduced by Scotiabank from C$69.00 to C$66.50 in a research report released on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts also recently commented on RCI.B. National Bankshares dropped their price objective on Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. Desjardins lowered their target price on shares of Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price on Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. Finally, BMO Capital Markets upped their price target on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Rogers Communications currently has an average rating of “Moderate Buy” and a consensus price target of C$67.14.

Rogers Communications Stock Performance

Shares of RCI.B stock opened at C$50.00 on Tuesday. Rogers Communications has a fifty-two week low of C$48.67 and a fifty-two week high of C$64.71. The stock’s 50-day moving average is C$51.91 and its two-hundred day moving average is C$52.75. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The firm has a market cap of C$21.08 billion, a P/E ratio of 30.67, a PEG ratio of 0.32 and a beta of 0.62.

Rogers Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, September 9th. This represents a $2.00 annualized dividend and a yield of 4.00%. Rogers Communications’s payout ratio is 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.