Rogers Communications Inc. (TSE:RCI.B) Given Average Recommendation of “Moderate Buy” by Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$59.00.

Several research firms have recently issued reports on RCI.B. National Bank Financial reduced their target price on Rogers Communications from C$63.00 to C$62.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Royal Bank Of Canada set a C$60.00 price target on Rogers Communications and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Raymond James Financial set a C$68.00 price objective on Rogers Communications and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Canaccord Genuity Group reduced their price objective on Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Scotiabank raised their target price on Rogers Communications from C$60.50 to C$61.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 7th.

Rogers Communications Trading Up 0.5%

TSE:RCI.B opened at C$50.18 on Friday. Rogers Communications has a 52 week low of C$44.21 and a 52 week high of C$56.27. The firm has a 50-day moving average price of C$48.93 and a two-hundred day moving average price of C$50.25. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The firm has a market cap of C$27.11 billion, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of 0.32 and a beta of 0.97.

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.