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

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$60.31.

RCI.B has been the topic of several recent analyst reports. Bank of America lowered their target price on shares of Rogers Communications from C$55.00 to C$50.00 in a research note on Monday, February 3rd. Scotiabank lowered their target price on shares of Rogers Communications from C$66.50 to C$64.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 8th. National Bankshares lowered their target price on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Canaccord Genuity Group lowered their target price on shares of Rogers Communications from C$55.00 to C$46.00 in a research note on Tuesday, January 7th. Finally, Desjardins lowered their target price on shares of 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 Price Performance

Shares of RCI.B opened at C$40.11 on Friday. The business’s 50-day moving average is C$43.18 and its two-hundred day moving average is C$49.57. The company has a market capitalization of C$16.91 billion, a P/E ratio of 24.61, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. Rogers Communications has a fifty-two week low of C$37.97 and a fifty-two week high of C$62.05.

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.