Rogers Communications (RCI.B) Stock Forecast & Price Target

C$52.35

+1.35 (+2.65%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines

Rogers Communications - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Rogers Communications in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a hold rating, and 8 have given a buy rating for RCI.B.

Consensus Price Target

C$69.13
32.04% Upside

High Forecast	C$77.00
Average Forecast	C$69.13
Low Forecast	C$57.00

According to the 9 analysts' twelve-month price targets for Rogers Communications, the average price target is C$69.13. The highest price target for RCI.B is C$77.00, while the lowest price target for RCI.B is C$57.00. The average price target represents a forecasted upside of 32.04% from the current price of C$52.35.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$69.13	C$72.96	C$72.96	C$75.80
Forecasted Upside	32.04% Upside	34.81% Upside	34.81% Upside	21.70% Upside

Get Rogers Communications Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for RCI.B and its competitors with MarketBeat's FREE daily newsletter.

Ad Crypto Swap Profits

625,000% Gain

Imagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.

>> Dive into the Workshop Here

RCI.B Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RCI.B Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rogers Communications Stock vs. The Competition

Type	Rogers Communications	Business Services Companies
Consensus Rating Score	2.89	2.64
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Negative News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Canaccord Genuity Group 3 of 5 stars	Downgrade	Buy ➝ Hold	C$59.00 ➝ C$57.00	+10.70%
7/25/2024	Cormark 2 of 5 stars	Lower Target		C$74.00 ➝ C$72.00	+39.83%
7/22/2024	TD Securities 4 of 5 stars	Lower Target	Buy	C$74.00 ➝ C$70.00	+35.29%
7/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	C$80.00 ➝ C$69.00	+40.07%
7/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$67.00 ➝ C$65.00	+31.47%
4/25/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$75.00 ➝ C$74.00	+42.34%
Get the Latest News and Ratings for RCI.B and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rogers Communications and its competitors with MarketBeat's FREE daily newsletter.
4/17/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$75.50 ➝ C$71.50	+37.03%
4/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$70.00 ➝ C$63.00	+16.45%
4/9/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$78.00 ➝ C$76.00	+40.48%
4/4/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$80.00 ➝ C$77.00	+43.15%
4/2/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$80.00 ➝ C$65.00	+20.77%
10/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$75.00 ➝ C$70.00	+31.38%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:06 AM ET.

RCI.B Forecast - Frequently Asked Questions

What is Rogers Communications' forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Rogers Communications is C$69.13, with a high forecast of C$77.00 and a low forecast of C$57.00.
Should I buy or sell Rogers Communications stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There is currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RCI.B shares.
Does Rogers Communications's stock price have much upside?: According to analysts, Rogers Communications's stock has a predicted upside of 30.95% based on their 12-month stock forecasts.
Has Rogers Communications been downgraded by Wall Street analysts recently?: Over the previous 90 days, Rogers Communications's stock had 1 downgrade by analysts.
What analysts cover Rogers Communications?: Rogers Communications has been rated by research analysts at Canaccord Genuity Group, Cormark, JPMorgan Chase & Co., Royal Bank of Canada, and TD Securities in the past 90 days.
Do Wall Street analysts like Rogers Communications more than its competitors?: Analysts like Rogers Communications more than other "business services" companies. The consensus rating score for Rogers Communications is 2.89 while the average consensus rating score for "business services" companies is 2.64. Learn more on how RCI.B compares to other companies.