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

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price lowered by Canaccord Genuity Group from C$55.00 to C$46.00 in a research note released on Tuesday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets increased their price objective on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. TD Securities dropped their price target 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. Scotiabank decreased their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. Desjardins lowered 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 report on Thursday, November 28th. Finally, Royal Bank of Canada cut their target price on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$63.25.

Rogers Communications Stock Performance

RCI.B stock opened at C$43.48 on Tuesday. The stock’s 50 day simple moving average is C$47.83 and its 200 day simple moving average is C$51.26. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. Rogers Communications has a 12-month low of C$43.13 and a 12-month high of C$64.71. The stock has a market capitalization of C$18.33 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

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.