Rogers Communications (TSE:RCI.B) PT Set at C$52.00 by National Bankshares

Rogers Communications (TSE:RCI.B - Get Free Report) NYSE: RCI received a C$52.00 price objective from analysts at National Bankshares in a report released on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 43.21% from the company's previous close.

A number of other research firms have also issued reports on RCI.B. Scotiabank reduced their target price on Rogers Communications from C$49.50 to C$48.50 and set a "sector perform" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Rogers Communications from C$53.00 to C$55.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group reduced their price target on shares of Rogers Communications from C$66.00 to C$63.00 in a research report on Tuesday, April 1st. TD Securities decreased their price target on shares of Rogers Communications from C$60.00 to C$56.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Royal Bank of Canada dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Rogers Communications has a consensus rating of "Moderate Buy" and an average price target of C$55.50.

Rogers Communications Trading Down 0.5%

Shares of RCI.B stock traded down C$0.19 during trading hours on Friday, reaching C$36.31. 332,087 shares of the stock traded hands, compared to its average volume of 1,992,955. Rogers Communications has a 1-year low of C$32.42 and a 1-year high of C$56.55. The business has a fifty day moving average price of C$35.53 and a 200 day moving average price of C$40.37. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a market capitalization of C$15.31 billion, a PE ratio of 22.28, a PEG ratio of 0.32 and a beta of 0.62.

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.

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