Rogers Communications (TSE:RCI.B) Price Target Raised to C$53.00 at National Bankshares

Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI had its price objective upped by National Bankshares from C$52.00 to C$53.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also issued reports on RCI.B. Canaccord Genuity Group lifted their price target on Rogers Communications from C$44.00 to C$47.00 and gave the company a "buy" rating in a report on Monday, June 9th. UBS Group reduced their target price on shares of Rogers Communications from C$66.00 to C$63.00 in a research note on Tuesday, April 1st. TD Securities boosted their target price 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. Scotiabank dropped 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 note on Thursday, April 24th. Finally, Royal Bank Of Canada cut 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 report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$55.12.

Rogers Communications Stock Up 0.8%

RCI.B traded up C$0.36 during trading on Monday, reaching C$43.65. 1,625,315 shares of the stock traded hands, compared to its average volume of 1,971,968. The stock's 50-day simple moving average is C$36.89 and its two-hundred day simple moving average is C$38.86. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. Rogers Communications has a fifty-two week low of C$32.42 and a fifty-two week high of C$56.55. The stock has a market cap of C$18.41 billion, a price-to-earnings ratio of 26.78, 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.