Rogers Communications (TSE:RCI.B) Price Target Lowered to C$53.00 at National Bankshares

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target cut by National Bankshares from C$54.00 to C$53.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

RCI.B has been the topic of several other research reports. Scotiabank dropped their price target on Rogers Communications from C$66.50 to C$64.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 8th. TD Securities lifted their target price on Rogers Communications from C$63.00 to C$64.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Bank of America reduced their price target on Rogers Communications from C$55.00 to C$50.00 in a research report on Monday, February 3rd. Royal Bank of Canada lowered 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. Finally, Barclays cut shares of Rogers Communications from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from C$63.00 to C$39.00 in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$59.43.

Rogers Communications Stock Down 5.9 %

Shares of Rogers Communications stock opened at C$36.17 on Tuesday. The company has a market capitalization of C$15.25 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The business has a 50-day moving average of C$39.98 and a two-hundred day moving average of C$46.32. Rogers Communications has a 1 year low of C$35.51 and a 1 year high of C$56.55.

About Rogers Communications

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.