Canaccord Genuity Group Lowers Rogers Communications (TSE:RCI.B) Price Target to C$46.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price decreased by investment analysts at Canaccord Genuity Group from C$55.00 to C$46.00 in a research note issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 4.76% from the stock’s current price.

Several other equities analysts also recently issued reports on RCI.B. BMO Capital Markets upped their target price on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Desjardins cut their price objective 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. Scotiabank decreased their target price on Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. Royal Bank of Canada cut their price target on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, National Bankshares decreased their price objective on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Rogers Communications currently has an average rating of “Moderate Buy” and an average price target of C$63.25.

Rogers Communications Stock Down 1.5 %

TSE:RCI.B opened at C$43.91 on Tuesday. The company’s 50 day moving average is C$47.97 and its two-hundred day moving average is C$51.33. The company has a market cap of C$18.52 billion, a PE ratio of 26.94, a P/E/G ratio of 0.32 and a beta of 0.62. Rogers Communications has a twelve month low of C$43.13 and a twelve month high of C$64.71. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

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.