Rogers Communications (TSE:RCI.A) Stock Price Target Raised at Canaccord Genuity Group

Rogers Communications (TSE:RCI.A) had its price target boosted by research analysts at Canaccord Genuity Group from C$57.50 to C$59.25 in a research note issued on Monday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price would suggest a potential upside of 24.79% from the stock’s previous close.

A number of other equities analysts have also issued reports on RCI.A. Scotiabank reduced their target price on shares of 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. Desjardins decreased their price target on shares of Rogers Communications from C$58.00 to C$55.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Four analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$58.81.

Rogers Communications Price Performance

TSE RCI.A traded up C$0.40 on Monday, hitting C$47.48. 766 shares of the company were exchanged, compared to its average volume of 1,930. The firm 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 market cap of C$25.65 billion, a P/E ratio of 4.16, a P/E/G ratio of 0.95 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. Rogers Communications has a 1-year low of C$43.00 and a 1-year high of C$56.72.

Rogers Communications (TSE:RCI.A) last issued its quarterly earnings data 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%. On average, equities analysts predict that Rogers Communications will post 5.10 EPS for the current year.

About Rogers Communications

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).