Rogers Communications (TSE:RCI.B) Price Target Lowered to C$61.00 at Desjardins

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by Desjardins from C$68.00 to C$61.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on RCI.B. Royal Bank of Canada raised their price objective on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. Scotiabank reduced their price objective on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday. BMO Capital Markets raised their price objective on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, National Bankshares reduced their price objective on Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$67.14.

Rogers Communications Trading Up 0.5 %

TSE RCI.B opened at C$50.02 on Thursday. The business has a 50 day simple moving average of C$51.99 and a 200 day simple moving average of C$52.77. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71. The stock has a market capitalization of C$21.09 billion, a P/E ratio of 30.69, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

Rogers Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.00%. Rogers Communications’s dividend payout ratio (DPR) is currently 122.70%.

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.