Rogers Communications (TSE:RCI.B) Given New C$65.00 Price Target at TD Securities

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by stock analysts at TD Securities from C$71.00 to C$65.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 29.25% from the company’s previous close.

A number of other research firms have also commented on RCI.B. BMO Capital Markets raised their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Royal Bank of Canada boosted their price target on shares of Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. Scotiabank cut their target price on shares of Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. National Bankshares lowered their price target on shares of Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. Finally, Desjardins reduced their price target 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rogers Communications presently has a consensus rating of “Moderate Buy” and an average price target of C$66.68.

Rogers Communications Trading Down 0.2 %

TSE:RCI.B traded down C$0.09 during trading hours on Tuesday, hitting C$50.29. The stock had a trading volume of 1,034,717 shares, compared to its average volume of 1,541,646. The company has a market cap of C$21.21 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 0.32 and a beta of 0.62. Rogers Communications has a one year low of C$48.67 and a one year high of C$64.71. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The business’s 50 day moving average is C$51.91 and its 200-day moving average is C$52.76.

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.