Brokerages Set Rogers Communications Inc. (TSE:RCI.B) Price Target at C$55.73

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$55.73.

A number of research firms have recently issued reports on RCI.B. UBS Group reduced their price target on shares of Rogers Communications from C$66.00 to C$63.00 in a research report on Tuesday, April 1st. Royal Bank Of Canada cut their target price on shares of Rogers Communications from C$57.00 to C$54.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. National Bankshares set a C$52.00 target price on shares of Rogers Communications and gave the stock an “outperform” rating in a report on Friday, June 6th. TD Securities cut their price target on Rogers Communications from C$60.00 to C$56.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Scotiabank cut their price target on Rogers Communications from C$49.50 to C$48.50 and set a “sector perform” rating on the stock in a report on Thursday, April 24th.

Rogers Communications Stock Performance

Shares of RCI.B opened at C$38.69 on Thursday. The business’s fifty day moving average price is C$36.14 and its 200 day moving average price is C$39.19. 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$16.31 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

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.