Rogers Communications (TSE:RCI.B) Price Target Lowered to C$66.50 at Scotiabank

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price reduced by Scotiabank from C$69.00 to C$66.50 in a research report report published on Tuesday morning,BayStreet.CA reports.

A number of other research firms have also commented on RCI.B. Royal Bank of Canada lifted their target price on Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. Desjardins reduced their price objective on Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating for the company in a report on Thursday, October 17th. National Bankshares lowered their target price on shares of Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lifted their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$67.32.

Rogers Communications Trading Down 0.8 %

Rogers Communications stock opened at C$49.76 on Tuesday. Rogers Communications has a 12 month low of C$48.67 and a 12 month high of C$64.71. The company has a market capitalization of C$20.98 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The business’s fifty day simple moving average is C$52.22 and its two-hundred day simple moving average is C$52.79. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

Rogers Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 122.70%.

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.