Rogers Communications Inc. (TSE:RCI.B) Receives C$66.23 Consensus Price Target from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$66.23.

A number of research firms have recently commented on RCI.B. TD Securities cut their price objective on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. National Bankshares reduced their price target on shares of Rogers Communications from C$77.00 to C$67.00 in a research report on Tuesday, November 12th. Royal Bank of Canada decreased their price target on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets lifted their price objective on Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. Finally, Scotiabank decreased their target price on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th.

Rogers Communications Stock Down 0.0 %

RCI.B stock opened at C$43.78 on Thursday. The stock has a 50-day simple moving average of C$49.43 and a two-hundred day simple moving average of C$51.86. Rogers Communications has a twelve month low of C$43.40 and a twelve month high of C$64.71. The firm has a market capitalization of C$18.46 billion, a PE ratio of 26.86, a PEG ratio of 0.32 and a beta of 0.62. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.