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

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$63.25.

RCI.B has been the topic of a number of recent analyst reports. National Bankshares lowered their price target on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada cut their price target on shares of 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. TD Securities decreased their price objective 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. Scotiabank dropped their target price on Rogers Communications from C$66.50 to C$64.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Desjardins decreased their price target 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.

Rogers Communications Trading Up 0.4 %

Shares of TSE RCI.B opened at C$40.83 on Monday. Rogers Communications has a 1-year low of C$39.65 and a 1-year high of C$64.55. The business has a fifty day moving average price of C$45.73 and a 200 day moving average price of C$50.47. The stock has a market capitalization of C$17.22 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. 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.