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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is C$72.96.

RCI.B has been the topic of several analyst reports. Barclays reduced their price target on Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. Canaccord Genuity Group reduced their price target on shares of Rogers Communications from C$71.50 to C$71.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Scotiabank reduced their price objective on Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Desjardins reduced their price target on Rogers Communications from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, BMO Capital Markets lowered their price objective on Rogers Communications from C$80.00 to C$65.00 in a research report on Tuesday, April 2nd.

Rogers Communications Price Performance

TSE RCI.B opened at C$50.13 on Thursday. Rogers Communications has a 1 year low of C$48.67 and a 1 year high of C$64.71. The company has a market cap of C$21.06 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 0.92 and a beta of 0.56. The company has a debt-to-equity ratio of 434.09, a current ratio of 0.77 and a quick ratio of 0.58. The stock’s fifty day moving average price is C$52.82 and its 200 day moving average price is C$57.24.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.