Rogers Communications (TSE:RCI.A – Free Report) had its price objective lowered by Scotiabank from C$61.00 to C$60.00 in a research note published on Tuesday,BayStreet reports. The brokerage currently has a sector outperform rating on the stock.
Separately, Desjardins reduced their target price on shares of Rogers Communications from C$58.00 to C$55.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Rogers Communications has an average rating of “Buy” and an average price target of C$57.50.
View Our Latest Research Report on Rogers Communications
Rogers Communications Stock Up 2.1%
RCI.A stock opened at C$46.46 on Tuesday. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The company has a market capitalization of C$25.10 billion, a price-to-earnings ratio of 4.08, a PEG ratio of 0.95 and a beta of 1.06. Rogers Communications has a fifty-two week low of C$43.00 and a fifty-two week high of C$56.72. The stock has a fifty day moving average of C$48.68 and a 200-day moving average of C$49.67.
Rogers Communications (TSE:RCI.A – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported C$1.15 earnings per share for the quarter. The company had revenue of C$5.62 billion during the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%. As a group, equities research analysts predict that Rogers Communications will post 5.10 earnings per share for the current year.
Rogers Communications Company Profile
Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).
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