Rogers Communications Inc. (TSE:RCI.B) Given Consensus Recommendation of “Buy” by Brokerages

Rogers Communications Inc. (TSE:RCI.BGet Rating) (NYSE:RCI) has been given an average rating of “Buy” by the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$78.08.

A number of research analysts recently weighed in on the stock. Scotiabank lifted their target price on shares of Rogers Communications from C$87.00 to C$89.00 in a research note on Thursday, April 21st. Canaccord Genuity Group lifted their target price on shares of Rogers Communications from C$62.00 to C$65.00 in a research note on Tuesday, January 11th. Desjardins upgraded shares of Rogers Communications to a “buy” rating and set a C$72.00 target price on the stock in a research note on Friday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of Rogers Communications from C$78.00 to C$90.00 in a research note on Thursday, April 21st. Finally, National Bankshares lifted their target price on shares of Rogers Communications from C$77.00 to C$83.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st.

Shares of RCI.B traded down C$0.32 during trading hours on Tuesday, reaching C$72.96. 164,308 shares of the stock traded hands, compared to its average volume of 1,615,175. The company has a current ratio of 0.68, a quick ratio of 0.56 and a debt-to-equity ratio of 216.91. Rogers Communications has a 52-week low of C$56.00 and a 52-week high of C$80.85. The company’s 50-day moving average price is C$69.62 and its two-hundred day moving average price is C$63.67. The company has a market cap of C$36.84 billion and a P/E ratio of 23.81.

Rogers Communications Company Profile (Get Rating)

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.

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Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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