Rogers Communications (TSE:RCI.B) Price Target Raised to C$57.00 at BMO Capital Markets

Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI had its target price raised by BMO Capital Markets from C$55.00 to C$57.00 in a report published on Wednesday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts also recently issued reports on the stock. Scotiabank decreased their price objective on shares of Rogers Communications from C$49.50 to C$48.50 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Rogers Communications from C$53.00 to C$55.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. TD Securities raised their price objective on shares of Rogers Communications from C$56.00 to C$60.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Royal Bank Of Canada decreased their price objective on shares of Rogers Communications from C$57.00 to C$54.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Canaccord Genuity Group raised their price objective on shares of Rogers Communications from C$44.00 to C$47.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Rogers Communications has a consensus rating of "Moderate Buy" and an average price target of C$55.11.

Rogers Communications Trading Up 0.4%

Shares of TSE:RCI.B traded up C$0.16 during trading on Wednesday, reaching C$44.04. The company's stock had a trading volume of 844,048 shares, compared to its average volume of 1,972,447. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. Rogers Communications has a 12 month low of C$32.42 and a 12 month high of C$56.55. The firm's 50 day simple moving average is C$37.25 and its two-hundred day simple moving average is C$38.89. The stock has a market capitalization of C$18.57 billion, a PE ratio of 27.02, 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.