Rogers Communications Inc. (TSE:RCI.B) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

by · The Cerbat Gem

Rogers Communications Inc. (TSE:RCI.B – Get Free Report) (NYSE:RCI) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$58.77.

Several research firms have weighed in on RCI.B. Royal Bank Of Canada set a C$60.00 price target on shares of Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Raymond James Financial set a C$68.00 price objective on shares of Rogers Communications and gave the stock an “outperform” rating in a research report on Thursday, July 16th. TD raised their target price on Rogers Communications from C$60.00 to C$65.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Canaccord Genuity Group reduced their target price on Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Scotiabank boosted their target price on Rogers Communications from C$60.50 to C$61.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 7th.

Get Our Latest Report on Rogers Communications

Rogers Communications Price Performance

Shares of TSE RCI.B opened at C$42.46 on Wednesday. The firm has a market cap of C$22.94 billion, a PE ratio of 3.72, a P/E/G ratio of 0.32 and a beta of 1.09. Rogers Communications has a 12-month low of C$41.76 and a 12-month high of C$56.27. The company’s fifty day simple moving average is C$48.42 and its 200 day simple moving average is C$49.09. 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

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Rogers is Canada’s communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or about.rogers.com/investor-relations.

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