Rogers Communications Inc. (TSE:RCI.B) Given Average Rating of "Moderate Buy" by Brokerages

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI has received a consensus recommendation of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$55.35.

RCI.B has been the topic of several research analyst reports. Scotiabank lowered their target price on shares of 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. Canaccord Genuity Group increased their price objective on shares of Rogers Communications from C$41.00 to C$44.00 and gave the company a "buy" rating in a report on Thursday, April 24th. National Bankshares reduced their target price on Rogers Communications from C$53.00 to C$52.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on Rogers Communications from C$57.00 to C$53.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Barclays cut Rogers Communications from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from C$63.00 to C$39.00 in a report on Thursday, January 30th.

Rogers Communications Stock Up 0.9 %

Shares of RCI.B stock opened at C$35.53 on Wednesday. The company has a market capitalization of C$14.98 billion, a price-to-earnings ratio of 21.80, a PEG 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. The company's fifty day moving average price is C$37.76 and its 200-day moving average price is C$43.33. Rogers Communications has a one year low of C$32.42 and a one year high of C$56.55.

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.

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