Rogers Communications (TSE:RCI.B) PT Lowered to C$74.00 at Desjardins

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective dropped by equities research analysts at Desjardins from C$75.00 to C$74.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 42.28% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Barclays reduced their target price on Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. Cormark increased their price target on Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. TD Securities reduced their price target on Rogers Communications from C$82.00 to C$74.00 in a research note on Thursday. Canaccord Genuity Group dropped their price objective on Rogers Communications from C$71.50 to C$71.00 and set a “buy” rating for the company in a report on Thursday. Finally, Scotiabank dropped their price objective on Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$72.96.

Rogers Communications Price Performance

RCI.B stock traded down C$0.29 on Thursday, reaching C$52.01. The company had a trading volume of 1,270,994 shares, compared to its average volume of 1,510,470. Rogers Communications has a 1 year low of C$50.15 and a 1 year high of C$67.67. The company has a debt-to-equity ratio of 442.92, a quick ratio of 0.58 and a current ratio of 0.89. The company’s fifty day moving average is C$56.98 and its 200 day moving average is C$58.46. The company has a market cap of C$21.85 billion, a P/E ratio of 32.10, a PEG ratio of 0.92 and a beta of 0.54.

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.