BMO Capital Markets Boosts Rogers Communications (TSE:RCI.B) Price Target to C$70.00

Rogers Communications (TSE:RCI.B - Get Free Report) NYSE: RCI had its price target hoisted by stock analysts at BMO Capital Markets from C$67.00 to C$70.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 29.13% from the company's previous close.Get Rogers Communications alerts:A number of other brokerages have also issued reports on RCI.B. Royal Bank of Canada lifted their price target on Rogers Communications from C$65.00 to C$66.00 in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on Rogers Communications from C$80.00 to C$69.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 10th. Canaccord Genuity Group downgraded Rogers Communications from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$59.00 to C$57.00 in a research report on Thursday, July 25th. TD Securities reduced their price objective on Rogers Communications from C$74.00 to C$70.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. Finally, Cormark reduced their target price on Rogers Communications from C$74.00 to C$72.00 in a research report on Thursday, July 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Rogers Communications currently has a consensus rating of "Moderate Buy" and an average price target of C$69.63.View Our Latest Analysis on Rogers CommunicationsRogers Communications Price PerformanceShares of TSE:RCI.B traded up C$0.21 during trading on Thursday, reaching C$54.21. The stock had a trading volume of 551,617 shares, compared to its average volume of 1,517,240. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The business has a fifty day moving average price of C$53.66 and a 200-day moving average price of C$53.88. The stock has a market cap of C$22.86 billion, a PE ratio of 33.26, a PEG ratio of 0.92 and a beta of 0.62. Rogers Communications has a 1-year low of C$48.67 and a 1-year high of C$64.71. Rogers Communications Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Rogers CommunicationsEV Stocks and How to Profit from Them How the Fed’s Rate Cut Could Supercharge These 3 ETFsDo Real Estate Investment Trusts Deserve a Place in Your Portfolio?Microsoft Stock: 3 Reasons It’s Ready to Crush Q4With Risk Tolerance, One Size Does Not Fit AllIs Alphabet a Long-Term Buying Opportunity After Recent Declines?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Have you heard of this 5-Day Challenge yet? (From InvestorPlace) (Ad)Should you invest $1,000 in Rogers Communications right now?Before you consider Rogers Communications, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rogers Communications wasn't on the list.While Rogers Communications currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here