Royal Bank Of Canada Raises Rogers Communications (TSE:RCI.B) Price Target to C$63.00

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its target price boosted by stock analysts at Royal Bank Of Canada from C$61.00 to C$63.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 27.89% from the company’s current price.

Other analysts have also issued reports about the company. Scotiabank cut 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 report on Tuesday, January 20th. National Bank Financial increased their price objective on Rogers Communications from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group increased their price objective on Rogers Communications from C$55.00 to C$58.00 and gave the stock a “buy” rating in a report on Thursday. Scotia upgraded Rogers Communications from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from C$57.75 to C$60.50 in a report on Thursday. Finally, TD upgraded Rogers Communications from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$56.00 to C$60.00 in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rogers Communications presently has an average rating of “Moderate Buy” and a consensus price target of C$58.33.

Rogers Communications Price Performance

Shares of TSE:RCI.B opened at C$49.26 on Thursday. 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 has a 1 year low of C$34.19 and a 1 year high of C$56.27. The business has a fifty day simple moving average of C$51.38 and a 200 day simple moving average of C$51.72. The firm has a market cap of C$26.61 billion, a price-to-earnings ratio of 3.87, a P/E/G ratio of 0.32 and a beta of 0.96.

Rogers Communications News Roundup

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.