Analysts Set Rogers Communications Inc. (TSE:RCI.B) Target Price at C$74.88

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has earned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$74.88.

Several analysts have weighed in on the company. Cormark boosted their price objective on Rogers Communications from C$76.00 to C$86.00 in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their target price on Rogers Communications from C$90.00 to C$81.00 in a report on Tuesday, April 2nd. Desjardins upped their target price on Rogers Communications from C$77.00 to C$79.00 and gave the company a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets decreased their target price on Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada decreased their target price on Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating for the company in a report on Wednesday, April 10th.

Rogers Communications Stock Down 3.3 %

RCI.B stock opened at C$52.30 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92. The firm has a market capitalization of C$21.97 billion, a PE ratio of 32.28, a PEG ratio of 0.92 and a beta of 0.54. Rogers Communications has a twelve month low of C$50.15 and a twelve month high of C$67.67. The stock has a 50-day simple moving average of C$56.98 and a two-hundred day simple moving average of C$58.46.

Rogers Communications Company Profile

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.