Rogers Communications Inc. (TSE:RCI.B) Receives C$63.25 Average Target Price from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$63.25.

Several analysts have weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of Rogers Communications from C$55.00 to C$46.00 in a research note on Tuesday, January 7th. Royal Bank of Canada decreased their price target on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. National Bankshares cut their price objective on Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. TD Securities reduced their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Finally, Desjardins lowered their target price on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday, November 28th.

Rogers Communications Stock Performance

Rogers Communications stock opened at C$40.44 on Monday. The firm has a market capitalization of C$17.05 billion, a P/E ratio of 24.81, a P/E/G ratio of 0.32 and a beta of 0.62. The stock has a fifty day moving average price of C$46.31 and a two-hundred day moving average price of C$50.68. Rogers Communications has a 52-week low of C$39.65 and a 52-week high of C$64.71. 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.