Desjardins Lowers Rogers Communications (TSE:RCI.B) Price Target to C$63.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price decreased by research analysts at Desjardins from C$68.00 to C$63.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 16.73% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. TD Securities dropped their target price on Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets boosted their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Royal Bank of Canada upped their price target on Rogers Communications from C$65.00 to C$66.00 in a research report on Thursday, September 19th. JPMorgan Chase & Co. cut their price target on Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group lowered Rogers Communications from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$59.00 to C$57.00 in a research report on Thursday, July 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Rogers Communications presently has an average rating of “Moderate Buy” and a consensus target price of C$68.59.

Rogers Communications Price Performance

Shares of TSE:RCI.B opened at C$53.97 on Thursday. The business has a fifty day simple moving average of C$54.21 and a 200-day simple moving average of C$53.27. Rogers Communications has a 52 week low of C$48.67 and a 52 week high of C$64.71. The company has a market cap of C$22.76 billion, a P/E ratio of 33.11, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

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.