Rogers Communications (TSE:RCI.B) Given New C$54.00 Price Target at National Bankshares

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective lowered by analysts at National Bankshares from C$62.00 to C$54.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 20.64% from the stock’s current price.

A number of other research analysts have also weighed in on RCI.B. Desjardins cut their price objective on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, November 28th. BMO Capital Markets raised their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Royal Bank of Canada dropped their price objective on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. TD Securities reduced their target price on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Finally, Scotiabank lowered their price target on shares of Rogers Communications from C$69.00 to C$66.50 in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$65.05.

Rogers Communications Stock Performance

Shares of Rogers Communications stock traded up C$0.99 during midday trading on Friday, hitting C$44.76. The company had a trading volume of 994,525 shares, compared to its average volume of 1,415,953. The company has a fifty day simple moving average of C$48.64 and a 200 day simple moving average of C$51.58. The stock has a market cap of C$18.87 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 0.32 and a beta of 0.62. 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 has a 12-month low of C$43.13 and a 12-month high of C$64.71.

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.