Rogers Communications (TSE:RCI.B) Price Target Cut to C$59.00 by Analysts at Canaccord Genuity Group

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target trimmed by Canaccord Genuity Group from C$71.00 to C$59.00 in a research report report published on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

RCI.B has been the subject of several other reports. TD Securities reduced their price objective on Rogers Communications from C$82.00 to C$74.00 and set a buy rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price objective on Rogers Communications from C$90.00 to C$81.00 in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Rogers Communications from C$67.00 to C$65.00 and set an outperform rating for the company in a research note on Tuesday. Barclays lowered their target price on Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. Finally, Scotiabank lowered their price target on Rogers Communications from C$75.50 to C$71.50 and set an outperform rating for the company in a research report on Wednesday, April 17th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Rogers Communications currently has an average rating of Buy and an average target price of C$70.79.

Rogers Communications Stock Up 1.9 %

RCI.B stock opened at C$50.47 on Tuesday. The company has a market cap of C$21.20 billion, a P/E ratio of 46.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.56. Rogers Communications has a fifty-two week low of C$48.67 and a fifty-two week high of C$64.71. The stock’s 50 day simple moving average is C$52.58 and its 200 day simple moving average is C$56.76. 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.