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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$56.69.

Several research analysts have issued reports on RCI.B shares. Barclays lowered Rogers Communications from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from C$63.00 to C$39.00 in a research note on Thursday, January 30th. Canaccord Genuity Group cut their price target on shares of Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday, January 7th. Bank of America decreased their price objective on shares of Rogers Communications from C$55.00 to C$50.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Rogers Communications from C$57.00 to C$53.00 and set an “overweight” rating for the company in a report on Thursday. Finally, UBS Group reduced their target price on Rogers Communications from C$66.00 to C$63.00 in a report on Tuesday.

Rogers Communications Stock Up 0.1 %

RCI.B opened at C$36.73 on Friday. The company has a market capitalization of C$15.49 billion, a P/E ratio of 22.53, 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 current ratio of 0.65 and a quick ratio of 0.58. The firm’s fifty day moving average price is C$39.74 and its two-hundred day moving average price is C$45.99. Rogers Communications has a fifty-two week low of C$35.51 and a fifty-two week high of C$56.55.

About Rogers Communications

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.