Rogers Communications (TSE:RCI.A – Free Report) had its target price upped by Canaccord Genuity Group from C$57.50 to C$59.25 in a report released on Monday morning,BayStreet reports. The firm currently has a buy rating on the stock.
Several other equities analysts also recently issued reports on the company. Desjardins cut their price objective on Rogers Communications from C$58.00 to C$55.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Scotiabank decreased their target price on Rogers Communications from C$61.00 to C$60.00 and set a “sector outperform” rating on the stock in a report on Tuesday, October 20th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$58.81.
View Our Latest Stock Analysis on Rogers Communications
Rogers Communications Stock Up 0.1%
Shares of TSE RCI.A opened at C$45.44 on Monday. The stock has a market cap of C$24.55 billion, a PE ratio of 26.89, a PEG ratio of 0.95 and a beta of 1.06. The business has a fifty day moving average of C$48.25 and a two-hundred day moving average of C$50.50. Rogers Communications has a 52-week low of C$43.00 and a 52-week high of C$56.72. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.
Rogers Communications (TSE:RCI.A – Get Free Report) last posted its earnings results on Friday, October 23rd. The company reported C$1.29 earnings per share for the quarter. The business 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%. As a group, equities research analysts expect that Rogers Communications will post 5.10 earnings per share 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).
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