Royal Bank of Canada Has Lowered Expectations for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price dropped by Royal Bank of Canada from C$66.00 to C$61.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 39.49% from the stock’s current price.

RCI.B has been the subject of several other reports. TD Securities reduced 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 note on Tuesday, December 3rd. Desjardins lowered their price target on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research report on Thursday, November 28th. National Bankshares cut their price objective on shares of Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. BMO Capital Markets boosted their target price on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Finally, Scotiabank cut their price target on Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Rogers Communications has an average rating of “Moderate Buy” and an average price target of C$66.23.

Rogers Communications Stock Down 1.5 %

RCI.B opened at C$43.73 on Wednesday. The company has a fifty day moving average of C$50.47 and a two-hundred day moving average of C$52.27. The stock has a market capitalization of C$18.44 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 0.32 and a beta of 0.62. Rogers Communications has a fifty-two week low of C$43.63 and a fifty-two week 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.

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.