National Bankshares Lowers Rogers Communications (TSE:RCI.B) Price Target to C$54.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price lowered by National Bankshares from C$62.00 to C$54.00 in a research report released on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

Rogers Communications Stock Performance

Shares of RCI.B stock opened at C$44.54 on Friday. The stock has a market capitalization of C$18.78 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 0.32 and a beta of 0.62. Rogers Communications has a one year low of C$43.13 and a one year high of C$64.71. The company’s 50-day simple moving average is C$48.44 and its 200-day simple moving average is C$51.50. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

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.