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

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$59.00.

RCI.B has been the topic of several analyst reports. Royal Bank Of Canada set a C$60.00 target price on Rogers Communications and gave the company an “outperform” rating in a report on Thursday, July 23rd. TD boosted their price target on shares of Rogers Communications from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Raymond James Financial set a C$68.00 price objective on shares of Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 16th. Canaccord Genuity Group decreased their price objective on shares of Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Desjardins set a C$58.00 target price on shares of Rogers Communications and gave the stock a “hold” rating in a research note on Monday, August 24th.

Rogers Communications Trading Up 0.5%

Shares of RCI.B stock opened at C$50.18 on Friday. Rogers Communications has a 1-year low of C$44.21 and a 1-year high of C$56.27. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The stock has a market cap of C$27.11 billion, a price-to-earnings ratio of 4.40, a PEG ratio of 0.32 and a beta of 0.97. The stock has a 50-day moving average of C$48.93 and a 200-day moving average of C$50.25.

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.