Scotiabank Trims Rogers Communications (TSE:RCI.B) Target Price to C$71.50

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target dropped by stock analysts at Scotiabank from C$75.50 to C$71.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 37.03% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. BMO Capital Markets decreased their price objective on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd. CIBC cut their target price on Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. National Bankshares cut their target price on Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating for the company in a research note on Tuesday, April 9th. Royal Bank of Canada cut their target price on Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. Finally, Cormark increased their target price on Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$74.88.

Rogers Communications Stock Performance

Rogers Communications stock traded up C$0.07 during mid-day trading on Wednesday, reaching C$52.18. 1,319,939 shares of the company were exchanged, compared to its average volume of 1,501,772. Rogers Communications has a twelve month low of C$50.15 and a twelve month high of C$67.67. The firm’s 50-day simple moving average is C$57.97 and its two-hundred day simple moving average is C$58.44. 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 firm has a market cap of C$21.92 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54.

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.