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

Key Points

• Analyst consensus: Eight analysts give Rogers a "Moderate Buy" consensus (5 buy, 3 hold) with an average 12‑month price target of C$56.38, though several firms have recently trimmed targets or downgraded the stock.
• Valuation and risk: Shares opened at C$45.82 (12‑month range C$34.19–C$56.27) and trade at a low P/E of 3.6, but the company carries a very high debt‑to‑equity ratio (436.50), indicating significant leverage risk.
• Business profile: Rogers is the largest wireless provider in Canada with over 10 million subscribers, with wireless making up about 60% of revenue and cable and media comprising most of the remainder.

Shares of Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the stock, Marketbeat.com 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 12-month price target among brokerages that have issued a report on the stock in the last year is C$56.38.

RCI.B has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their target price on Rogers Communications from C$57.00 to C$55.50 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. TD Securities downgraded Rogers Communications from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$65.00 to C$56.00 in a research report on Thursday, April 2nd. Desjardins decreased their price objective on Rogers Communications from C$55.00 to C$54.50 and set a "hold" rating on the stock in a research report on Tuesday, April 7th. JPMorgan Chase & Co. decreased their price objective on Rogers Communications from C$65.00 to C$63.00 in a research report on Wednesday, April 1st. Finally, Scotiabank decreased their price objective on Rogers Communications from C$58.00 to C$57.75 and set a "sector perform" rating on the stock in a research report on Tuesday, January 20th.

Rogers Communications Price Performance

TSE:RCI.B opened at C$45.82 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The company has a market capitalization of C$24.75 billion, a P/E ratio of 3.60, a P/E/G ratio of 0.32 and a beta of 0.96. Rogers Communications has a 12 month low of C$34.19 and a 12 month high of C$56.27. The business's 50-day moving average is C$51.96 and its 200 day moving average is C$51.83.

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. Rogers' cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays.

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