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

Rogers Communications (TSE:RCI.A) had its target price lowered by equities research analysts at Scotiabank from C$71.50 to C$69.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 27.80% from the stock’s current price.

Rogers Communications Stock Performance

Shares of RCI.A stock opened at C$53.99 on Thursday. The company has a 50 day moving average price of C$55.89 and a 200-day moving average price of C$56.16. Rogers Communications has a 52 week low of C$51.77 and a 52 week high of C$64.95. The firm has a market capitalization of C$6.00 billion, a PE ratio of 33.43, a P/E/G ratio of 0.95 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.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.