Rogers Communications (TSE:RCI.B) PT Lowered to C$74.00 at TD Securities

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target cut by TD Securities from C$82.00 to C$74.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

RCI.B has been the topic of several other reports. Royal Bank of Canada dropped their price target on Rogers Communications from C$73.00 to C$68.00 and set an outperform rating on the stock in a research note on Wednesday, April 10th. Scotiabank dropped their price target on Rogers Communications from C$75.50 to C$71.50 and set an outperform rating on the stock in a research note on Wednesday, April 17th. BMO Capital Markets dropped their price target on Rogers Communications from C$80.00 to C$65.00 in a research note on Tuesday, April 2nd. Cormark boosted their price target on Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Rogers Communications currently has an average rating of Buy and an average target price of C$72.96.

Rogers Communications Price Performance

Rogers Communications stock opened at C$51.87 on Thursday. The stock’s 50 day moving average is C$56.60 and its 200 day moving average is C$58.48. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. The firm has a market cap of C$21.79 billion, a P/E ratio of 32.02, a P/E/G ratio of 0.92 and a beta of 0.54. Rogers Communications has a one year low of C$50.15 and a one year high of C$67.67.

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.