Desjardins Trims Rogers Communications (TSE:RCI.B) Target Price to C$74.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price reduced by Desjardins from C$75.00 to C$74.00 in a report issued on Thursday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on RCI.B. Royal Bank of Canada dropped their price target on shares of Rogers Communications from C$68.00 to C$67.00 and set an outperform rating on the stock in a research note on Thursday. Barclays lowered their target price on shares of Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$90.00 to C$81.00 in a report on Tuesday, April 2nd. CIBC reduced their price target on Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. Finally, BMO Capital Markets reduced their price target on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of C$72.96.

Rogers Communications Price Performance

Rogers Communications stock opened at C$52.00 on Thursday. The company’s fifty day moving average price is C$56.79 and its 200 day moving average price is C$58.42. Rogers Communications has a 1 year low of C$50.15 and a 1 year high of C$67.67. The stock has a market capitalization of C$21.85 billion, a P/E ratio of 32.10, a P/E/G ratio of 0.92 and a beta of 0.54. The company has a debt-to-equity ratio of 442.92, a quick ratio of 0.58 and a current ratio of 0.89.

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.