Desjardins Lowers Rogers Communications (TSE:RCI.B) Price Target to C$74.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by analysts at Desjardins from C$75.00 to C$74.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 42.66% from the stock’s current price.

A number of other analysts have also issued reports on the company. TD Securities lowered their price target on Rogers Communications from C$82.00 to C$74.00 and set a “buy” rating on the stock in a research note on Thursday. Cormark lifted their price target on Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. CIBC lowered their price target on Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. Canaccord Genuity Group lowered their price objective on Rogers Communications from C$71.50 to C$71.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays lowered their price objective on Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Rogers Communications currently has a consensus rating of “Buy” and an average target price of C$72.96.

Rogers Communications Stock Performance

Shares of TSE:RCI.B opened at C$51.87 on Thursday. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. The business’s 50 day moving average price is C$56.60 and its 200-day moving average price is C$58.42. The firm has a market capitalization of C$21.79 billion, a PE ratio of 32.02, a P/E/G ratio of 0.92 and a beta of 0.54. 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.