Brokerages Set Rogers Communications Inc. (TSE:RCI.B) Target Price at C$67.14

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$66.68.

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price target on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. TD Securities cut their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada boosted their price target on shares of Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. National Bankshares lowered their target price on Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th. Finally, Desjardins decreased their price target on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, November 28th.

Rogers Communications Trading Up 0.2 %

TSE RCI.B opened at C$50.46 on Friday. The company has a market capitalization of C$21.28 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The company’s 50-day simple moving average is C$51.75 and its two-hundred day simple moving average is C$52.72.

Rogers Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were given a $0.50 dividend. The ex-dividend date was Monday, September 9th. This represents a $2.00 annualized dividend and a yield of 3.96%. Rogers Communications’s payout ratio is 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.