Rogers Communications (TSE:RCI.A) Price Target Cut to C$69.00 by Analysts at Scotiabank

Rogers Communications (TSE:RCI.A) had its price objective decreased by Scotiabank from C$71.50 to C$69.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Rogers Communications Stock Performance

RCI.A opened at C$54.00 on Thursday. The firm has a market cap of C$6.00 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62. Rogers Communications has a 52 week low of C$51.77 and a 52 week high of C$64.95. The business’s 50 day moving average is C$55.89 and its two-hundred day moving average is C$56.16. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

Rogers Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.70%. The ex-dividend date was Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) 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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.