Rogers Communications (TSE:RCI.B) Price Target Lowered to C$70.00 at TD Securities

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target decreased by TD Securities from C$74.00 to C$70.00 in a report released on Monday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

RCI.B has been the subject of a number of other research reports. National Bankshares cut their price objective on shares of Rogers Communications from C$78.00 to C$76.00 and set an outperform rating for the company in a research report on Tuesday, April 9th. BMO Capital Markets decreased their price objective on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Barclays lowered their price objective on Rogers Communications from C$70.00 to C$63.00 in a research report on Tuesday, April 9th. Canaccord Genuity Group reduced their target price on Rogers Communications from C$71.00 to C$59.00 and set a buy rating on the stock in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada decreased their price target on Rogers Communications from C$67.00 to C$65.00 and set an outperform rating on the stock in a research note on Tuesday, July 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$69.13.

Rogers Communications Stock Performance

TSE:RCI.B opened at C$51.00 on Monday. The company has a debt-to-equity ratio of 434.09, a current ratio of 0.77 and a quick ratio of 0.58. The firm has a market cap of C$21.43 billion, a price-to-earnings ratio of 47.22, a price-to-earnings-growth ratio of 0.92 and a beta of 0.56. The firm’s fifty day moving average price is C$52.14 and its 200 day moving average price is C$56.04. Rogers Communications has a 1-year low of C$48.67 and a 1-year high of C$64.71.

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.