Rogers Communications Inc. (TSE:RCI.B) Receives C$54.32 Consensus Target Price from Analysts

Shares of Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$54.32.

Several brokerages recently issued reports on RCI.B. TD Securities upped their price target on shares of 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. UBS Group reduced their price target on shares of Rogers Communications from C$66.00 to C$63.00 in a research report on Tuesday, April 1st. Canaccord Genuity Group upped their price target on shares of Rogers Communications from C$47.00 to C$48.00 in a research report on Thursday, July 10th. Scotiabank reduced their price target on shares of Rogers Communications from C$49.50 to C$48.50 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Finally, National Bankshares upped their price target on shares of Rogers Communications from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th.

Rogers Communications Price Performance

Shares of TSE:RCI.B traded down C$0.54 on Monday, hitting C$45.51. The stock had a trading volume of 2,045,743 shares, compared to its average volume of 2,029,049. Rogers Communications has a twelve month low of C$32.42 and a twelve month high of C$56.55. 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's 50 day moving average price is C$39.00 and its 200-day moving average price is C$38.96. The company has a market capitalization of C$19.19 billion, a price-to-earnings ratio of 27.92, a price-to-earnings-growth 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.