Rogers Communications Inc. (TSE:RCI.B) Receives Consensus Rating of “Moderate Buy” from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$60.31.

Several analysts recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Bank of America decreased their price target on shares of Rogers Communications from C$55.00 to C$50.00 in a research report on Monday, February 3rd. Scotiabank decreased their price target on shares of 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. 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 research report on Friday, January 3rd. Finally, Barclays cut shares of Rogers Communications from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$63.00 to C$39.00 in a research report on Thursday, January 30th.

Rogers Communications Stock Up 1.2 %

Rogers Communications stock opened at C$40.11 on Friday. Rogers Communications has a fifty-two week low of C$37.97 and a fifty-two week high of C$62.05. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The firm has a 50 day moving average price of C$43.18 and a 200 day moving average price of C$49.57. The company has a market capitalization of C$16.91 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

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.