Rogers Communications Given New $44.00 Price Target at Barclays (RCI)
Research analysts at Barclays dropped their price objective on shares of Rogers Communications (NYSE:RCI) from $46.00 to $44.00 in a report released on Thursday, American Banking News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would indicate a potential upside of 11.22% from the company’s current price.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Rogers Communications in a research note on Thursday, January 16th. They now have a $46.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.33.
Shares of Rogers Communications (NYSE:RCI) traded down 0.30% on Thursday, hitting $39.28. The stock had a trading volume of 257,425 shares. Rogers Communications has a 52-week low of $38.32 and a 52-week high of $51.98. The stock’s 50-day moving average is $42.80 and its 200-day moving average is $42.95. The company has a market cap of $20.259 billion and a price-to-earnings ratio of 10.67.
Rogers Communications (NYSE:RCI) last released its earnings data on Tuesday, February 11th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.68 by $0.08. The company had revenue of $3.24 billion for the quarter. During the same quarter last year, the company posted $0.88 earnings per share. Rogers Communications’s revenue was down .6% compared to the same quarter last year. Analysts expect that Rogers Communications will post $3.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.4133 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Wednesday, March 12th.
Rogers Communications Inc (NYSE:RCI) is a diversified public Canadian communications and media company.
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