CIBC Lowers Rogers Communications (TSE:RCI.B) Price Target to C$77.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by CIBC from C$80.00 to C$77.00 in a research note released on Thursday morning, BayStreet.CA reports.

A number of other brokerages have also weighed in on RCI.B. Royal Bank of Canada lifted their target price on shares of Rogers Communications from C$72.00 to C$73.00 and gave the company an outperform rating in a research note on Friday, February 2nd. BMO Capital Markets cut their target price on shares of Rogers Communications from C$80.00 to C$65.00 in a research note on Tuesday, April 2nd. Canaccord Genuity Group boosted their price objective on shares of Rogers Communications from C$72.50 to C$74.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Cormark boosted their price objective on shares of Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. Finally, Desjardins boosted their price objective on shares of Rogers Communications from C$77.00 to C$79.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Rogers Communications presently has an average rating of Buy and an average target price of C$76.38.

Rogers Communications Trading Up 0.9 %

Shares of RCI.B opened at C$53.83 on Thursday. The firm’s 50-day moving average price is C$59.38 and its 200-day moving average price is C$58.44. The firm has a market capitalization of C$22.61 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 0.92 and a beta of 0.54. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 442.92. Rogers Communications has a 1-year low of C$50.15 and a 1-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.