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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$53.79.

Several analysts recently issued reports on the company. BMO Capital Markets raised their target price on Rogers Communications from C$55.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Desjardins raised their target price on Rogers Communications from C$49.00 to C$51.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on Rogers Communications from C$55.00 to C$59.00 in a research note on Friday, July 25th. Canaccord Genuity Group raised their target price on Rogers Communications from C$48.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, CIBC cut their target price on Rogers Communications from C$76.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Thursday, July 3rd.

Rogers Communications Stock Up 0.2%

Shares of TSE:RCI.B opened at C$49.21 on Tuesday. The stock’s 50-day moving average price is C$45.96 and its 200-day moving average price is C$40.31. Rogers Communications has a 12-month low of C$32.42 and a 12-month high of C$56.55. The stock has a market capitalization of C$26.58 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 0.32 and a beta of 1.02. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

Rogers Communications Company Profile

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.