Rogers Communications Inc. (TSE:RCI.B) Receives Consensus Rating of “Buy” from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$74.88.

Several analysts have weighed in on RCI.B shares. CIBC dropped their price target on Rogers Communications from C$80.00 to C$77.00 in a research note on Thursday, April 4th. JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$90.00 to C$81.00 in a report on Tuesday, April 2nd. Desjardins upped their price target on Rogers Communications from C$77.00 to C$79.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Canaccord Genuity Group upped their price target on Rogers Communications from C$72.50 to C$74.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, National Bankshares cut their price objective on Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating for the company in a research note on Tuesday, April 9th.

Rogers Communications Stock Up 0.5 %

Shares of RCI.B stock opened at C$53.01 on Friday. Rogers Communications has a 1-year low of C$50.15 and a 1-year high of C$67.67. The stock’s fifty day moving average price is C$57.42 and its 200 day moving average price is C$58.38. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. The company has a market cap of C$22.27 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54.

About Rogers Communications

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.