Rogers Communications Inc. (TSE:RCI.B) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI have earned an average rating of "Moderate Buy" from the eleven research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$54.32.

A number of equities analysts have recently commented on the stock. TD Securities lifted 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 report on Tuesday, June 24th. UBS Group cut their price target on shares of Rogers Communications from C$66.00 to C$63.00 in a report on Tuesday, April 1st. Royal Bank Of Canada dropped their price target on shares of Rogers Communications from C$57.00 to C$54.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Canaccord Genuity Group increased their target price on shares of Rogers Communications from C$47.00 to C$48.00 in a research note on Thursday, July 10th. Finally, National Bankshares increased 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 report on Monday, June 30th.

Rogers Communications Stock Performance

Shares of RCI.B traded down C$0.08 during mid-day trading on Monday, hitting C$45.45. 70,872 shares of the company's stock were exchanged, compared to its average volume of 1,985,534. The stock's 50-day simple moving average is C$38.36 and its 200-day simple moving average is C$38.85. The firm has a market cap of C$19.16 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. 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 52 week low of C$32.42 and a 52 week high of C$56.55.

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.