Rogers Communications (TSE:RCI.B) Given a C$52.00 Price Target at National Bankshares

National Bankshares set a C$52.00 price target on Rogers Communications (TSE:RCI.B - Free Report) NYSE: RCI in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Rogers Communications from C$53.00 to C$55.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Canaccord Genuity Group increased their target price on shares of Rogers Communications from C$41.00 to C$44.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. TD Securities dropped their target price on shares of Rogers Communications from C$60.00 to C$56.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. UBS Group lowered their price objective on shares of Rogers Communications from C$66.00 to C$63.00 in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada lowered their target price 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 six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Rogers Communications has an average rating of "Moderate Buy" and a consensus target price of C$55.73.

Rogers Communications Stock Up 0.1%

Shares of RCI.B traded up C$0.04 during midday trading on Friday, reaching C$36.46. The stock had a trading volume of 1,405,887 shares, compared to its average volume of 1,994,226. Rogers Communications has a 1-year low of C$32.42 and a 1-year high of C$56.55. The company's fifty day simple moving average is C$35.53 and its two-hundred day simple moving average is C$40.15. The company has a market cap of C$15.37 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 0.32 and a beta of 0.62. 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 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.