Rogers Communications (TSE:RCI.B) Price Target Lowered to C$70.00 at Barclays

Rogers Communications (TSE:RCI.BGet Free Report) (NYSE:RCI) had its target price dropped by equities researchers at Barclays from C$74.00 to C$70.00 in a report released on Monday, BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 14.53% from the company’s previous close.

RCI.B has been the topic of a number of other reports. CIBC increased their price target on Rogers Communications from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Cormark increased their price objective on Rogers Communications from C$76.00 to C$86.00 in a research report on Friday, February 2nd. TD Securities increased their price objective on Rogers Communications from C$84.00 to C$88.00 and gave the company an “action list buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group increased their price objective on 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. Finally, Desjardins increased their price objective on 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. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$77.81.

View Our Latest Stock Report on RCI.B

Rogers Communications Stock Performance

Rogers Communications stock traded down C$0.26 during trading hours on Monday, hitting C$61.12. The stock had a trading volume of 399,622 shares, compared to its average volume of 1,069,019. The company has a 50-day moving average of C$62.46 and a two-hundred day moving average of C$57.57. The company has a quick ratio of 0.58, a current ratio of 0.90 and a debt-to-equity ratio of 441.92. The company has a market cap of C$25.60 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54. Rogers Communications has a fifty-two week low of C$50.15 and a fifty-two week high of C$67.67.

Rogers Communications Company Profile

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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.

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Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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