National Bankshares Issues Pessimistic Forecast for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by analysts at National Bankshares from C$62.00 to C$54.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 20.64% from the stock’s previous close.

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

Rogers Communications Stock Performance

Shares of RCI.B traded up C$0.99 during trading hours on Friday, hitting C$44.76. The stock had a trading volume of 994,525 shares, compared to its average volume of 1,415,953. Rogers Communications has a 12 month low of C$43.13 and a 12 month high of C$64.71. The stock has a fifty day moving average price of C$48.64 and a 200 day moving average price of C$51.58. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The firm has a market capitalization of C$18.87 billion, a PE ratio of 27.46, a PEG ratio of 0.32 and a beta of 0.62.

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.