Rogers Communications (TSE:RCI.B) Price Target Cut to C$72.00 by Analysts at Cormark

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price trimmed by Cormark from C$74.00 to C$72.00 in a research note released on Thursday, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets dropped their price objective on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Desjardins reduced their price objective on shares of Rogers Communications from C$75.00 to C$74.00 and set a buy rating on the stock in a research note on Thursday, April 25th. Canaccord Genuity Group decreased their price objective on shares of Rogers Communications from C$71.00 to C$59.00 and set a buy rating for the company in a report on Tuesday, July 9th. CIBC reduced their price target on shares of Rogers Communications from C$80.00 to C$77.00 in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Rogers Communications from C$80.00 to C$69.00 and set an overweight rating for the company in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Rogers Communications has a consensus rating of Moderate Buy and an average price target of C$69.13.

Rogers Communications Stock Performance

Rogers Communications stock opened at C$51.00 on Thursday. The firm has a market capitalization of C$21.43 billion, a PE ratio of 47.22, a price-to-earnings-growth ratio of 0.92 and a beta of 0.56. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71. The stock’s 50 day moving average price is C$52.14 and its 200 day moving average price is C$56.04. The company has a debt-to-equity ratio of 434.09, a quick ratio of 0.58 and a current ratio of 0.77.

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.