Rogers Communications (TSE:RCI.B) Stock Price Expected to Rise, National Bank Financial Analyst Says

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective boosted by equities researchers at National Bank Financial from C$60.00 to C$62.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 25.86% from the company’s previous close.

RCI.B has been the subject of several other reports. Desjardins reduced their price objective on Rogers Communications from C$55.00 to C$54.50 and set a “hold” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. reduced their price objective on Rogers Communications from C$65.00 to C$63.00 in a research note on Wednesday, April 1st. TD Securities cut Rogers Communications from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$65.00 to C$56.00 in a research note on Thursday, April 2nd. Scotiabank reduced their price objective on Rogers Communications from C$58.00 to C$57.75 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Finally, Canaccord Genuity Group raised 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 analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$58.33.

Rogers Communications Price Performance

Shares of TSE RCI.B opened at C$49.26 on Thursday. Rogers Communications has a fifty-two week low of C$34.19 and a fifty-two week high of C$56.27. The company has a market cap of C$26.61 billion, a PE ratio of 3.87, a P/E/G 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. The business has a 50-day simple moving average of C$51.38 and a two-hundred day simple moving average of C$51.72.

More 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

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. 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.