Rogers Communications (TSE:RCI.B) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price boosted by Canadian Imperial Bank of Commerce from C$61.00 to C$62.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 25.86% from the stock’s current price.

RCI.B has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price objective on Rogers Communications from C$65.00 to C$63.00 in a research note on Wednesday, April 1st. Desjardins lowered their price objective on Rogers Communications from C$55.00 to C$54.50 and set a “hold” rating on the stock in a research note on Tuesday, April 7th. National Bank Financial boosted their price objective on Rogers Communications from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank lowered their price objective on Rogers Communications from C$58.00 to C$57.75 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Finally, Canaccord Genuity Group boosted their price objective on Rogers Communications from C$55.00 to C$58.00 and gave the stock a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$58.33.

Rogers Communications Stock Performance

TSE RCI.B opened at C$49.26 on Thursday. The stock’s fifty day moving average is C$51.38 and its two-hundred day moving average is C$51.72. The firm has a market capitalization of C$26.61 billion, a P/E ratio of 3.87, a price-to-earnings-growth ratio of 0.32 and a beta of 0.96. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. Rogers Communications has a fifty-two week low of C$34.19 and a fifty-two week high of C$56.27.

Key Rogers Communications News

Here are the key news stories impacting Rogers Communications this week:

• Positive Sentiment: TD upgraded Rogers from “hold” to “buy” and lifted its target to C$60 (from C$56), implying meaningful upside versus recent prices. BayStreet.CA
• Positive Sentiment: Scotia moved Rogers to “sector outperform” and raised its target to C$60.50 (from C$57.75), signaling stronger conviction among sector analysts. BayStreet.CA TickerReport
• Positive Sentiment: RBC bumped its target to C$63 (from C$61) and keeps an “outperform” view — one of the higher targets among national brokers. BayStreet.CA
• Positive Sentiment: Canaccord raised its target to C$58 (from C$55) and maintains a “buy” rating, adding to the upgrade momentum. BayStreet.CA
• Positive Sentiment: National Bank increased its target to C$62 (from C$60) and rates Rogers “outperform,” another endorsement from a major dealer. BayStreet.CA
• Positive Sentiment: CIBC raised its target to C$62 (from C$61) and lists Rogers as an “outperformer,” reinforcing the consensus tilt higher. BayStreet.CA TickerReport
• Neutral Sentiment: Desjardins lifted its target to C$59 (from C$54.50) but kept a “hold” rating — a sign some analysts see upside but remain cautious. BayStreet.CA
• Negative Sentiment: Offsetting the analyst momentum are fundamentals and technicals that may limit upside: Rogers carries very high leverage (debt-to-equity is elevated) and the share price remains below its 50- and 200-day moving averages — factors that can weigh on sentiment despite higher targets. Background / Analyst Roundup

About Rogers Communications

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. Rogers’ cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers’ media unit, which owns and operates various television and radio stations and the Toronto Blue Jays.