Rogers Communications Inc. (TSE:RCI.B) Stock Has Consensus Price Target of C$58.77 According to Analysts

Key Points

• Rogers Communications has a “Moderate Buy” consensus rating from 10 analysts, with nine buy ratings and one hold rating.
• Analysts’ average one-year price target is C$58.77, with recent targets ranging from C$57.50 to C$68.00.
• The stock opened at C$45.48 and has traded between C$41.76 and C$56.27 over the past year; Rogers has a market capitalization of approximately C$24.57 billion.

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI has received an average rating of "Moderate Buy" from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$58.77.

Several brokerages recently issued reports on RCI.B. Canaccord Genuity Group lowered their price target on Rogers Communications from C$58.00 to C$57.50 and set a "buy" rating for the company in a report on Thursday, July 23rd. Royal Bank Of Canada set a C$60.00 price target on Rogers Communications and gave the company an "outperform" rating in a report on Thursday, July 23rd. Desjardins raised Rogers Communications from a "hold" rating to a "buy" rating and set a C$58.00 target price on the stock in a research report on Monday, September 14th. Raymond James Financial set a C$68.00 price target on shares of Rogers Communications and gave the stock an "outperform" rating in a research report on Thursday, July 16th. Finally, Scotiabank upped their price objective on Rogers Communications from C$60.50 to C$61.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 7th.

Rogers Communications Price Performance

Rogers Communications stock opened at C$45.48 on Friday. Rogers Communications has a 1 year low of C$41.76 and a 1 year high of C$56.27. The firm has a 50 day moving average price of C$47.03 and a 200 day moving average price of C$49.50. The company has a market cap of C$24.57 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 0.32 and a beta of 1.09. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

About Rogers Communications

Rogers is Canada's communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange NYSE: RCI. For more information, please visit rogers.com or about.rogers.com/investor-relations.

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