Rogers Communications - RCI.B Stock Forecast, Price & News

Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses. It provides its services to approximately 10.8 million subscribers. The Cable segment provides high-speed Internet, television, voice communication, and smart home monitoring services to consumers, businesses, governments, and wholesale resellers; and operates a transcontinental fiber-optic network that extends approximately 70,000 route kilometers, which provides voice and data communications and advanced services, including data centers and cloud computing to the enterprise, public sector, and carrier wholesale markets. Its service territory covers approximately 4.4 million homes. The Media segment owns the Toronto Blue Jays league baseball team and the Rogers Centre event venue; and offers television and radio broadcasting, multi-platform shopping experience, digital media, and publishing services. Rogers Communications Inc. was founded in 1920 and is based in Toronto, Canada.

Analyst Upgrades and Downgrades

RCI.B has been the topic of several analyst reports. National Bankshares dropped their price target on shares of Rogers Communications from C$80.00 to C$78.00 and set an "outperform" rating on the stock in a research report on Thursday, July 28th. Royal Bank of Canada dropped their price target on shares of Rogers Communications from C$75.00 to C$73.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 28th. BMO Capital Markets raised their price target on shares of Rogers Communications from C$76.00 to C$80.00 in a research report on Thursday, April 21st. TD Securities upgraded shares of Rogers Communications from a "buy" rating to an "action list buy" rating and raised their price target for the company from C$80.00 to C$85.00 in a research report on Monday, August 8th. Finally, Cormark raised their price target on shares of Rogers Communications from C$79.00 to C$86.00 and gave the company a "buy" rating in a research report on Thursday, April 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$77.09.

Rogers Communications Stock Performance

TSE:RCI.B opened at C$58.90 on Thursday. The company's 50-day moving average price is C$59.99 and its 200-day moving average price is C$65.14. The company has a current ratio of 2.49, a quick ratio of 0.58 and a debt-to-equity ratio of 335.48. The company has a market cap of C$29.74 billion and a P/E ratio of 17.69. Rogers Communications has a twelve month low of C$55.55 and a twelve month high of C$80.85.