Scotiabank Lowers Rogers Communications (TSE:RCI.B) Price Target to C$64.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by Scotiabank from C$66.50 to C$64.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

RCI.B has been the topic of a number of other research reports. National Bankshares reduced their target price on Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. BMO Capital Markets increased their price objective on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. TD Securities dropped their target price on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. Royal Bank of Canada decreased their price target 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. Finally, Desjardins dropped their price objective on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, November 28th. Two 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, Rogers Communications has a consensus rating of “Moderate Buy” and an average price target of C$63.25.

Rogers Communications Trading Down 1.5 %

Shares of RCI.B opened at C$43.91 on Wednesday. Rogers Communications has a 1-year low of C$43.13 and a 1-year 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. The firm’s 50-day moving average price is C$47.97 and its 200-day moving average price is C$51.33. The firm has a market capitalization of C$18.52 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.32 and a beta of 0.62.

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.