Canaccord Genuity Group Cuts Rogers Communications (TSE:RCI.B) Price Target to C$59.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price decreased by Canaccord Genuity Group from C$71.00 to C$59.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. BMO Capital Markets cut their target price on Rogers Communications from C$80.00 to C$65.00 in a research note on Tuesday, April 2nd. CIBC decreased their target price on Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. Desjardins reduced their price objective on Rogers Communications from C$75.00 to C$74.00 and set a buy rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada reduced their price target on Rogers Communications from C$67.00 to C$65.00 and set an outperform rating for the company in a research report on Tuesday. Finally, Barclays lowered their price target on Rogers Communications from C$70.00 to C$63.00 in a research note on Tuesday, April 9th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and an average target price of C$70.79.

Rogers Communications Trading Up 1.9 %

TSE:RCI.B opened at C$50.47 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.77 and a debt-to-equity ratio of 434.09. The business’s 50 day moving average is C$52.58 and its two-hundred day moving average is C$56.76. Rogers Communications has a 52 week low of C$48.67 and a 52 week high of C$64.71. The company has a market cap of C$21.20 billion, a PE ratio of 46.73, a P/E/G ratio of 0.92 and a beta of 0.56.

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.