Rogers Communications Inc. (TSE:RCI.B) Receives C$63.25 Consensus Price Target from Brokerages

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$63.25.

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 report on Thursday, November 28th. National Bankshares decreased their price target on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada lowered their price objective on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. Canaccord Genuity Group cut their target price on shares of Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday, January 7th. Finally, TD Securities lowered their target price on 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.

Rogers Communications Trading Down 0.3 %

Shares of RCI.B opened at C$40.44 on Monday. The stock has a market cap of C$17.05 billion, a PE ratio of 24.81, a P/E/G ratio of 0.32 and a beta of 0.62. Rogers Communications has a 12 month low of C$39.65 and a 12 month high of C$64.71. The stock’s 50-day moving average is C$46.31 and its two-hundred day moving average is C$50.68. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

About Rogers Communications

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.