National Bank Financial Has Lowered Expectations for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price decreased by research analysts at National Bank Financial from C$62.00 to C$59.00 in a report released on Wednesday, BayStreet reports. National Bank Financial’s target price points to a potential upside of 34.67% from the company’s previous close.

Other research analysts have also issued research reports about the company. TD raised their price objective on Rogers Communications from C$60.00 to C$65.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating and set a C$58.00 target price on the stock in a research report on Monday, September 14th. Scotiabank increased their price target on shares of Rogers Communications from C$60.50 to C$61.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 7th. Raymond James Financial set a C$68.00 price objective on Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley dropped their target price on Rogers Communications from C$50.00 to C$42.00 in a report on Tuesday, July 21st. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$58.77.

Rogers Communications Stock Down 0.0%

RCI.B stock traded down C$0.02 on Wednesday, hitting C$43.81. 651,778 shares of the company’s stock were exchanged, compared to its average volume of 1,978,036. The firm has a 50 day moving average price of C$49.01 and a two-hundred day moving average price of C$49.64. 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 stock has a market cap of C$23.67 billion, a P/E ratio of 3.84, a price-to-earnings-growth ratio of 0.32 and a beta of 0.97. Rogers Communications has a 12-month low of C$43.56 and a 12-month high of C$56.27.

Rogers Communications Company Profile

Rogers is Canada’s communications, sports 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). For more information, please visit rogers.com or about.rogers.com/investor-relations.