Rogers Communications (TSE:RCI.A – Get Free Report) had its target price cut by equities research analysts at Scotia from C$60.00 to C$59.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia‘s price objective would suggest a potential upside of 24.26% from the company’s previous close.
RCI.A has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price target on Rogers Communications from C$57.50 to C$59.25 and gave the stock a “buy” rating in a report on Monday. Scotiabank reduced their price objective on Rogers Communications from C$61.00 to C$60.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 20th. Finally, Desjardins lifted their price target on Rogers Communications from C$55.00 to C$57.00 and gave the company a “buy” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$58.81.
Read Our Latest Stock Report on Rogers Communications
Rogers Communications Price Performance
RCI.A traded up C$0.40 on Monday, hitting C$47.48. 766 shares of the stock were exchanged, compared to its average volume of 1,930. Rogers Communications has a 12 month low of C$43.00 and a 12 month high of C$56.72. The business has a 50-day moving average of C$48.60 and a two-hundred day moving average of C$49.66. 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$25.65 billion, a price-to-earnings ratio of 4.16, a PEG ratio of 0.95 and a beta of 1.06.
Rogers Communications (TSE:RCI.A – Get Free Report) last released its earnings results on Friday, October 23rd. The company reported C$1.29 EPS for the quarter. The firm had revenue of C$5.44 billion for the quarter. Rogers Communications had a net margin of 4.30% and a return on equity of 7.93%. Sell-side analysts forecast that Rogers Communications will post 5.10 EPS for the current fiscal 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).
Recommended Stories
- Five stocks we like better than Rogers Communications
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter.
