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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$63.25.

A number of research firms have commented on RCI.B. Canaccord Genuity Group decreased their target price on shares of Rogers Communications from C$55.00 to C$46.00 in a research note on Tuesday, January 7th. Desjardins decreased their price objective on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research report on Thursday, November 28th. TD Securities dropped their target price on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Royal Bank of Canada decreased their price target on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, National Bankshares dropped their price objective on Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd.

Rogers Communications Trading Up 0.4 %

Rogers Communications stock opened at C$40.83 on Monday. Rogers Communications has a 52-week low of C$39.65 and a 52-week high of C$64.55. The company has a market cap of C$17.22 billion, a P/E ratio of 25.05, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The business has a 50-day simple moving average of C$45.73 and a two-hundred day simple moving average of C$50.47.

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.