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Zacks Investment Research downgraded Rogers Communications Inc. (USA) (NYSE:RCI) to Hold in a report released today.

Zacks Investment Research has downgraded Rogers Communications Inc. (USA) (NYSE:RCI) to Hold in a report released on Thursday October 13, 2016.

Previously on 9/21/2016, Zacks Investment Research reported about Rogers Communications Inc. (USA) (NYSE:RCI) raised the target price from $0.00 to $47.00. At the time, this indicated a possible upside of 0.11%.

Yesterday Rogers Communications Inc. (USA) (NYSE:RCI) traded 0.58% higher at $41.29. The company’s 50-day moving average is $42.44 and its 200-day moving average is $40.87. The last stock close price is up 1.23% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 122,622 shares of the stock were exchanged, down from an average trading volume of 239,314

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Rogers Communications Inc. (USA) (NYSE:RCI)

Rogers Communications Inc. (USA) has a 52 week low of $32.50 and a 52 week high of $45.50 with a P/E ratio of 20.10 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $40.39 with 0 firms rating the stock a strong buy, 6 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Rogers Communications Inc. (USA) (NYSE:RCI)

Rogers Communications Inc. is a communications and media company. The Company provides wireless communications services, and cable television, Internet and telephony services to consumers and businesses. The Company operates through four segments: Wireless, Cable, Business Solutions and Media. Its Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses. Its Cable segment include cable telecommunications operations, including Internet, television and telephony (phone) services. Its Business Solutions segment is engaged in network connectivity through its fiber network and data center assets to support various voice, data, networking, hosting, and cloud-based services for Canadian businesses, governments, and on a wholesale basis to other telecommunications providers. Its Media segment has a portfolio of media properties, including television and radio broadcasting, specialty channels, multiplatform and digital media.

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