Morgan Stanley Cuts Rogers Communications (RCI.B) Price Target to C$65.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price target cut by stock analysts at Morgan Stanley from C$71.00 to C$65.00 in a research report issued to clients and investors on Tuesday. Morgan Stanley’s target price would suggest a potential upside of 12.38% from the company’s current price.

Other research analysts have also issued reports about the company. CIBC raised their price target on Rogers Communications from C$65.00 to C$67.00 in a research report on Friday, October 20th. Citigroup lowered their price target on Rogers Communications from C$65.00 to C$63.00 in a research report on Friday, January 19th. Barclays lowered their price target on Rogers Communications from C$72.00 to C$68.00 in a research report on Friday, January 26th. TD Securities raised their price target on Rogers Communications from C$72.00 to C$75.00 and gave the stock an “action list buy” rating in a research report on Friday, October 20th. Finally, Canaccord Genuity raised their price target on Rogers Communications from C$69.00 to C$71.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$68.25.

Rogers Communications (TSE RCI.B) opened at C$57.84 on Tuesday. The firm has a market capitalization of $29,830.00, a P/E ratio of 17.42 and a beta of 0.48. Rogers Communications has a 52-week low of C$55.25 and a 52-week high of C$70.08.

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About Rogers Communications

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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