Rogers Communications Inc. (TSE:RCI.B) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$60.31.

RCI.B has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on shares of Rogers Communications from C$55.00 to C$46.00 in a research note on Tuesday, January 7th. Royal Bank of Canada cut their target price on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. National Bankshares lowered their price target on Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Bank of America dropped their price target on Rogers Communications from C$55.00 to C$50.00 in a research note on Monday, February 3rd. Finally, Desjardins reduced their price objective on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, November 28th.

Rogers Communications Trading Down 0.6 %

Shares of RCI.B stock opened at C$39.71 on Friday. The firm’s 50-day simple moving average is C$42.01 and its 200-day simple moving average is C$49.08. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. Rogers Communications has a 1-year low of C$37.97 and a 1-year high of C$62.05. The firm has a market cap of C$16.74 billion, a P/E ratio of 24.36, a PEG ratio of 0.32 and a beta of 0.62.

Rogers Communications Company Profile

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.