Rogers Communications Inc. (TSE:RCI.B) Given Consensus Rating of “Moderate Buy” by Brokerages

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$59.00.

RCI.B has been the subject of a number of research analyst reports. TD upped their price objective on shares of Rogers Communications from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Scotia raised shares of Rogers Communications from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from C$57.75 to C$60.50 in a research report on Thursday, April 23rd. National Bank Financial decreased their target price on shares of Rogers Communications from C$63.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Scotiabank upped their target price on shares of Rogers Communications from C$60.50 to C$61.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada set a C$60.00 target price on shares of Rogers Communications and gave the stock an “outperform” rating in a research note on Thursday, July 23rd.

Rogers Communications Stock Down 0.9%

Shares of RCI.B opened at C$50.10 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. Rogers Communications has a 12 month low of C$44.21 and a 12 month high of C$56.27. The stock’s 50 day moving average is C$48.92 and its two-hundred day moving average is C$50.34. The firm has a market cap of C$27.07 billion, a P/E ratio of 4.39, a PEG ratio of 0.32 and a beta of 0.96.

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. Rogers’ cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers’ media unit, which owns and operates various television and radio stations and the Toronto Blue Jays.