National Bankshares Cuts Rogers Communications (TSE:RCI.B) Price Target to C$67.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target cut by National Bankshares from C$77.00 to C$67.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on the company. Desjardins lowered their target price on Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Royal Bank of Canada upped their price target on shares of Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday, September 19th. Cormark reduced their price objective on Rogers Communications from C$74.00 to C$72.00 in a research report on Thursday, July 25th. Finally, TD Securities dropped their target price on Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$67.77.

Rogers Communications Stock Performance

Shares of RCI.B stock opened at C$50.81 on Tuesday. The company has a market capitalization of C$21.42 billion, a price-to-earnings ratio of 30.90, a P/E/G ratio of 0.32 and a beta of 0.62. Rogers Communications has a 1-year low of C$48.67 and a 1-year high of C$64.71. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The stock’s fifty day simple moving average is C$53.15 and its 200-day simple moving average is C$52.96.

Rogers Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Monday, September 9th. Rogers Communications’s payout ratio is 122.70%.

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.