Rogers Communications (TSE:RCI.B - Get Free Report) NYSE: RCI had its price objective increased by research analysts at Desjardins from C$45.00 to C$49.00 in a note issued to investors on Thursday,BayStreet.CA reports. Desjardins' price target indicates a potential upside of 9.64% from the stock's current price.
Several other brokerages have also recently issued reports on RCI.B. Royal Bank Of Canada decreased their price objective on Rogers Communications from C$57.00 to C$54.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. National Bankshares boosted their price objective on Rogers Communications from C$52.00 to C$53.00 and gave the company an "outperform" rating in a report on Monday, June 30th. UBS Group decreased their price objective on Rogers Communications from C$66.00 to C$63.00 in a report on Tuesday, April 1st. TD Securities increased their price target on Rogers Communications from C$56.00 to C$60.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Scotiabank dropped their price objective on Rogers Communications from C$49.50 to C$48.50 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Rogers Communications currently has an average rating of "Moderate Buy" and an average price target of C$54.32.
Get Our Latest Stock Analysis on Rogers Communications
Rogers Communications Stock Performance
Shares of RCI.B stock traded up C$0.69 on Thursday, hitting C$44.69. The company had a trading volume of 761,143 shares, compared to its average volume of 1,979,791. The firm has a market cap of C$18.84 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The company has a 50-day moving average price of C$37.75 and a 200-day moving average price of C$38.89. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. Rogers Communications has a twelve month low of C$32.42 and a twelve month high of C$56.55.
About Rogers Communications
(
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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.
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