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

Key Points

• Moderate Buy consensus from nine analysts (seven buys, two holds) with an average 12‑month price target of C$57.73.
• Shares opened at C$52.42, trade in a 52‑week range of C$32.42–C$56.27, have a market cap of ~C$28.32B and a low reported P/E of 4.11 alongside a high debt‑to‑equity ratio of 436.5.
• Rogers is the largest wireless provider in Canada with over 10 million subscribers, with wireless accounting for about 60% of company sales and cable/media making up the rest.

Shares of Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI have received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$57.73.

Several brokerages have issued reports on RCI.B. Scotiabank cut their price objective on shares of Rogers Communications from C$58.00 to C$57.75 and set a "sector perform" rating for the company in a research report on Tuesday, January 20th. Desjardins lowered their target price on Rogers Communications from C$57.00 to C$55.00 and set a "hold" rating on the stock in a research note on Monday, January 12th. Canaccord Genuity Group lifted their price target on Rogers Communications from C$55.00 to C$57.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Canadian Imperial Bank of Commerce boosted their price target on Rogers Communications from C$58.00 to C$60.00 and gave the company an "outperform" rating in a research note on Tuesday, December 9th. Finally, TD Securities upped their price objective on Rogers Communications from C$64.00 to C$67.00 and gave the company a "buy" rating in a report on Friday, January 30th.

Rogers Communications Stock Performance

Shares of RCI.B stock opened at C$52.42 on Friday. Rogers Communications has a 52 week low of C$32.42 and a 52 week high of C$56.27. The company has a market capitalization of C$28.32 billion, a price-to-earnings ratio of 4.11, a PEG ratio of 0.32 and a beta of 1.13. The company has a 50-day simple moving average of C$52.16 and a 200 day simple moving average of C$51.72. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

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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