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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$60.31.

A number of equities research analysts have issued reports on the company. TD Securities raised their target price on Rogers Communications from C$63.00 to C$64.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Bank of America reduced their target price on shares of Rogers Communications from C$55.00 to C$50.00 in a research note on Monday, February 3rd. Canaccord Genuity Group dropped their price target on shares of Rogers Communications from C$55.00 to C$46.00 in a research note on Tuesday, January 7th. Scotiabank reduced their price objective on Rogers Communications from C$66.50 to C$64.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their target price on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th.

Rogers Communications Trading Down 0.6 %

Shares of TSE RCI.B opened at C$39.71 on Friday. Rogers Communications has a 12-month low of C$37.97 and a 12-month high of C$62.05. The company has a market cap of C$16.74 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. 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 stock’s 50 day simple moving average is C$42.01 and its 200 day simple moving average is C$49.08.

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.