Scotiabank Cuts Rogers Communications (TSE:RCI.B) Price Target to C$66.50

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective trimmed by Scotiabank from C$69.00 to C$66.50 in a report released on Tuesday,BayStreet.CA reports.

A number of other research firms have also weighed in on RCI.B. BMO Capital Markets lifted their target price on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Desjardins decreased their target price on shares of Rogers Communications from C$68.00 to C$63.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada boosted their target price on Rogers Communications from C$65.00 to C$66.00 in a research report on Thursday, September 19th. Finally, National Bankshares lowered their price target on Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.14.

Rogers Communications Price Performance

Shares of TSE:RCI.B opened at C$50.02 on Tuesday. The firm has a market capitalization of C$21.09 billion, a PE ratio of 30.69, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The company has a 50-day moving average price of C$51.99 and a two-hundred day moving average price of C$52.77. Rogers Communications has a twelve month low of C$48.67 and a twelve month high of C$64.71.

Rogers Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.00%. Rogers Communications’s dividend payout ratio is currently 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.