Rogers Communications (RCI.B) Price Target Cut to C$72.00 by Analysts at CIBC

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective decreased by CIBC from C$73.00 to C$72.00 in a report published on Monday morning, BayStreet.CA reports.

RCI.B has been the subject of a number of other research reports. Morgan Stanley increased their price objective on shares of Rogers Communications from C$73.00 to C$76.00 in a research report on Thursday, March 14th. National Bank Financial raised shares of Rogers Communications from a sector perform rating to an outperform rating and increased their price objective for the stock from C$71.00 to C$78.00 in a research report on Friday, January 4th. BMO Capital Markets increased their price objective on shares of Rogers Communications from C$77.00 to C$78.00 in a research report on Friday, January 25th. TD Securities increased their price objective on shares of Rogers Communications from C$80.00 to C$85.00 and gave the stock an action list buy rating in a research report on Friday, January 25th. Finally, Royal Bank of Canada increased their price objective on shares of Rogers Communications from C$73.00 to C$76.00 in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Rogers Communications currently has a consensus rating of Buy and an average price target of C$75.73.

TSE:RCI.B opened at C$66.77 on Monday. The company has a debt-to-equity ratio of 202.44, a current ratio of 0.72 and a quick ratio of 0.55. The company has a market cap of $26.95 billion and a P/E ratio of 17.93. Rogers Communications has a fifty-two week low of C$55.67 and a fifty-two week high of C$70.08.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.00%. This is a boost from Rogers Communications’s previous quarterly dividend of $0.48. Rogers Communications’s dividend payout ratio (DPR) is presently 51.57%.

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.

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Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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