Brokerages Set Rogers Communications Inc. (TSE:RCI.B) PT at C$55.73

Shares of Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI have been assigned a consensus rating of "Moderate Buy" from the nine research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$55.73.

A number of analysts recently weighed in on the stock. TD Securities cut their target price on shares of Rogers Communications from C$60.00 to C$56.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada dropped their price objective on shares of Rogers Communications from C$57.00 to C$54.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. National Bankshares set a C$52.00 price objective on shares of Rogers Communications and gave the company an "outperform" rating in a research report on Friday, June 6th. Canaccord Genuity Group increased their price objective on shares of Rogers Communications from C$44.00 to C$47.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. increased their target price on Rogers Communications from C$53.00 to C$55.00 and gave the company an "overweight" rating in a report on Thursday, May 1st.

Rogers Communications Stock Up 0.2%

Shares of Rogers Communications stock traded up C$0.06 during trading hours on Thursday, reaching C$38.15. 2,662,469 shares of the company were exchanged, compared to its average volume of 1,955,955. Rogers Communications has a 1 year low of C$32.42 and a 1 year high of C$56.55. The stock's fifty day moving average is C$36.07 and its 200 day moving average is C$39.27. 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 market cap of C$16.09 billion, a PE ratio of 23.40, a PEG 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.