Scotiabank Lowers Rogers Communications (TSE:RCI.B) Price Target to C$71.50

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target cut by investment analysts at Scotiabank from C$75.50 to C$71.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 35.49% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Desjardins upped their price target on shares of Rogers Communications from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. National Bankshares decreased their price target on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 9th. Canaccord Genuity Group boosted their price objective on shares of Rogers Communications from C$72.50 to C$74.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets decreased their target price on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada cut their price target on Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating for the company in a report on Wednesday, April 10th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$74.88.

Rogers Communications Price Performance

TSE RCI.B opened at C$52.77 on Wednesday. Rogers Communications has a one year low of C$50.15 and a one year high of C$67.67. The stock has a 50-day moving average of C$57.59 and a 200 day moving average of C$58.36. The company has a debt-to-equity ratio of 442.92, a quick ratio of 0.58 and a current ratio of 0.89. The company has a market capitalization of C$22.17 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 0.92 and a beta of 0.54.

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.