Rogers Communications (TSE:RCI.B) Given New C$61.00 Price Target at Royal Bank of Canada

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target reduced by Royal Bank of Canada from C$66.00 to C$61.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on the stock. Desjardins decreased their price target on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, November 28th. TD Securities reduced their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. National Bankshares reduced their price target on Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. BMO Capital Markets upped their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Finally, Scotiabank decreased their target price on shares of Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Rogers Communications presently has an average rating of “Moderate Buy” and a consensus price target of C$66.23.

Rogers Communications Stock Performance

Shares of RCI.B stock opened at C$44.38 on Wednesday. The business’s 50 day moving average is C$50.65 and its two-hundred day moving average is C$52.34. Rogers Communications has a 12-month low of C$44.36 and a 12-month high of C$64.71. The company has a market capitalization of C$18.71 billion, a P/E ratio of 27.23, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

About Rogers Communications

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.