Canaccord Genuity Group Issues Pessimistic Forecast for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective reduced by equities researchers at Canaccord Genuity Group from C$55.00 to C$46.00 in a research report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 2.84% from the stock’s previous close.

RCI.B has been the subject of a number of other reports. National Bankshares decreased their price objective on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets upped their target price on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Scotiabank reduced their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. TD Securities lowered their target price on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada cut their price objective on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$63.46.

Rogers Communications Stock Up 1.4 %

Shares of Rogers Communications stock traded up C$0.62 during trading on Tuesday, hitting C$44.73. 564,963 shares of the stock traded hands, compared to its average volume of 1,583,391. The company has a fifty day moving average price of C$48.27 and a two-hundred day moving average price of C$51.43. Rogers Communications has a twelve month low of C$43.13 and a twelve month high of C$64.71. The stock has a market cap of C$18.86 billion, a P/E ratio of 27.44, a PEG ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

Rogers Communications Company Profile

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.