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

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target decreased by research analysts at Scotiabank from C$66.50 to C$64.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 47.19% from the stock’s previous close.

Several other brokerages also recently commented on RCI.B. Canaccord Genuity Group decreased their target price on Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday. Royal Bank of Canada decreased their price objective 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. TD Securities cut their target price on shares of 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. National Bankshares decreased their price target on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Desjardins cut their price objective on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday, November 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$63.25.

Rogers Communications Stock Down 1.0 %

RCI.B stock opened at C$43.48 on Wednesday. Rogers Communications has a twelve month low of C$43.13 and a twelve month high of C$64.71. The company has a market cap of C$18.33 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 0.32 and a beta of 0.62. 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 business has a 50 day moving average price of C$47.83 and a two-hundred day moving average price of C$51.26.

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.