Rogers Communications (TSE:RCI.B) PT Lowered to C$81.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective trimmed by JPMorgan Chase & Co. from C$90.00 to C$81.00 in a report published on Tuesday, BayStreet.CA reports.

A number of other research firms have also recently commented on RCI.B. Desjardins increased their target price on shares of Rogers Communications from C$77.00 to C$79.00 and gave the stock a buy rating in a report on Friday, February 2nd. Canaccord Genuity Group increased their target price 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. Barclays reduced their price objective on shares of Rogers Communications from C$74.00 to C$70.00 in a research report on Monday, February 12th. TD Securities raised their price objective on shares of Rogers Communications from C$84.00 to C$88.00 and gave the stock an action list buy rating in a research report on Friday, February 2nd. Finally, CIBC lifted their price target on shares of Rogers Communications from C$78.00 to C$80.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$76.38.

Rogers Communications Trading Up 0.9 %

RCI.B opened at C$53.83 on Tuesday. Rogers Communications has a twelve month low of C$50.15 and a twelve month high of C$67.67. The company has a 50-day simple moving average of C$59.58 and a 200 day simple moving average of C$58.43. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92. The stock has a market capitalization of C$22.61 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 0.92 and a beta of 0.55.

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.