Rogers Communications (TSE:RCI.B) Price Target Cut to C$61.00 by Analysts at Desjardins

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by Desjardins from C$68.00 to C$61.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on RCI.B. National Bankshares dropped their price target on shares of Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their target price on shares of Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. BMO Capital Markets upped their price target on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, Scotiabank dropped their price objective on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$67.14.

Rogers Communications Stock Down 0.0 %

Shares of TSE RCI.B opened at C$50.00 on Thursday. The company has a market capitalization of C$21.08 billion, a P/E ratio of 30.67, a P/E/G ratio of 0.32 and a beta of 0.62. 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 company has a 50 day simple moving average of C$51.91 and a 200-day simple moving average of C$52.76. Rogers Communications has a 1 year low of C$48.67 and a 1 year high of C$64.71.

Rogers Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, September 9th. Rogers Communications’s payout ratio is 122.70%.

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.