Rogers Communications (TSE:RCI.B) Given New C$54.00 Price Target at National Bankshares

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective lowered by National Bankshares from C$62.00 to C$54.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 21.24% from the company’s previous close.

A number of other research firms have also issued reports on RCI.B. Desjardins lowered their target price on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, November 28th. TD Securities cut their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Scotiabank decreased their target price on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. BMO Capital Markets lifted their price target on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Finally, Royal Bank of Canada reduced their price objective on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$65.05.

Rogers Communications Trading Up 1.8 %

Shares of RCI.B stock opened at C$44.54 on Friday. Rogers Communications has a 12 month low of C$43.13 and a 12 month high of C$64.71. The company has a market cap of C$18.78 billion, a PE ratio of 27.33, a price-to-earnings-growth 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 business’s 50 day moving average is C$48.44 and its two-hundred day moving average is C$51.51.

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.