National Bankshares Lowers Rogers Communications (TSE:RCI.B) Price Target to C$67.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price cut by investment analysts at National Bankshares from C$77.00 to C$67.00 in a report released on Tuesday,BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 33.04% from the stock’s current price.

A number of other analysts have also commented on the company. Canaccord Genuity Group lowered Rogers Communications from a “buy” rating to a “hold” rating and cut their price target for the company from C$59.00 to C$57.00 in a report on Thursday, July 25th. Desjardins cut their price target on Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Cormark cut their price target on Rogers Communications from C$74.00 to C$72.00 in a report on Thursday, July 25th. Royal Bank of Canada boosted their price target on Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. Finally, TD Securities cut their price target 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$67.77.

Rogers Communications Stock Performance

RCI.B stock opened at C$50.36 on Tuesday. The business’s 50-day moving average price is C$53.23 and its two-hundred day moving average price is C$52.97. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The firm has a market cap of C$21.23 billion, a PE ratio of 30.62, a P/E/G ratio of 0.32 and a beta of 0.62. Rogers Communications has a 1-year low of C$48.67 and a 1-year high of C$64.71.

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.