Rogers Communications Inc. (TSE:RCI.B) Stock Has Consensus Target Price of C$58.77

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$58.77.

Several analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of Rogers Communications from C$50.00 to C$42.00 in a report on Tuesday, July 21st. National Bank Financial lowered their price objective on Rogers Communications from C$62.00 to C$59.00 in a report on Wednesday, September 30th. Royal Bank Of Canada set a C$60.00 price target on Rogers Communications and gave the company an “outperform” rating in a report on Thursday, July 23rd. TD lifted their price target on shares of Rogers Communications from C$60.00 to C$65.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial set a C$68.00 price objective on shares of Rogers Communications and gave the stock an “outperform” rating in a research note on Thursday, July 16th.

Rogers Communications Price Performance

TSE RCI.B opened at C$45.48 on Friday. The stock’s 50-day moving average price is C$47.03 and its two-hundred day moving average price is C$49.50. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The company has a market cap of C$24.57 billion, a PE ratio of 26.91, a PEG ratio of 0.32 and a beta of 1.09. Rogers Communications has a 1 year low of C$41.76 and a 1 year high of C$56.27.

About Rogers Communications

Rogers is Canada’s communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or about.rogers.com/investor-relations.