National Bankshares Issues Pessimistic Forecast for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price lowered by research analysts at National Bankshares from C$62.00 to C$54.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 21.24% from the stock’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada cut their target price on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. BMO Capital Markets increased their price objective on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Desjardins decreased their target price on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, November 28th. TD Securities cut their target price on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. Finally, Scotiabank decreased their price target on Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Rogers Communications presently has a consensus rating of “Moderate Buy” and an average price target of C$65.05.

Rogers Communications Trading Up 1.8 %

Shares of RCI.B stock opened at C$44.54 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The stock has a 50-day simple moving average of C$48.44 and a 200 day simple moving average of C$51.51. Rogers Communications has a fifty-two week low of C$43.13 and a fifty-two week high of C$64.71. The stock has a market capitalization of C$18.78 billion, a P/E ratio of 27.33, a P/E/G ratio of 0.32 and a beta of 0.62.

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.