Analysts Set Rogers Communications Inc. (TSE:RCI.B) Price Target at C$66.23

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$66.23.

RCI.B has been the subject of several recent analyst reports. Desjardins decreased their target price on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday, November 28th. Scotiabank reduced their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. TD Securities dropped their target price on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. Royal Bank of Canada cut their target price on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, National Bankshares decreased their price target on shares of Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th.

Rogers Communications Price Performance

Shares of RCI.B opened at C$43.78 on Thursday. The business has a 50-day moving average of C$49.43 and a 200-day moving average of C$51.86. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The company has a market capitalization of C$18.46 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. Rogers Communications has a 1 year low of C$43.40 and a 1 year high of C$64.71.

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.