Cormark Increases Rogers Communications (TSE:RCI.B) Price Target to C$86.00

Rogers Communications (TSE:RCI.BGet Rating) (NYSE:RCI) had its target price boosted by analysts at Cormark from C$79.00 to C$86.00 in a research report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Cormark’s price target would suggest a potential upside of 16.82% from the company’s current price.

RCI.B has been the topic of several other research reports. Desjardins upgraded shares of Rogers Communications to a “buy” rating and set a C$72.00 price target on the stock in a research note on Friday, January 28th. Canaccord Genuity Group increased their price target on shares of Rogers Communications from C$62.00 to C$65.00 in a research note on Tuesday, January 11th. TD Securities raised their target price on shares of Rogers Communications from C$70.00 to C$75.00 and gave the company a “buy” rating in a research note on Friday, January 28th. BMO Capital Markets raised their target price on shares of Rogers Communications from C$68.00 to C$72.00 in a research note on Friday, January 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Rogers Communications from C$78.00 to C$90.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$78.08.

Shares of RCI.B opened at C$73.62 on Thursday. The company’s fifty day moving average is C$69.48 and its 200-day moving average is C$63.51. Rogers Communications has a 12 month low of C$56.00 and a 12 month high of C$80.85. The firm has a market cap of C$37.17 billion and a price-to-earnings ratio of 23.96. The company has a quick ratio of 0.56, a current ratio of 0.68 and a debt-to-equity ratio of 216.91.

Rogers Communications Company Profile (Get Rating)

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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