Rogers Communications Inc. (TSE:RCI.B) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month 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 lowered their target price on 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. Scotiabank lowered their price objective on shares of Rogers Communications from C$69.00 to C$66.50 in a research report on Tuesday, November 26th. BMO Capital Markets boosted their target price on shares of Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th. Desjardins lowered their price target on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, November 28th. Finally, Royal Bank of Canada reduced their price objective on Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th.

Rogers Communications Price Performance

TSE:RCI.B opened at C$44.19 on Thursday. The company has a market capitalization of C$18.63 billion, a P/E ratio of 27.11, a P/E/G ratio of 0.32 and a beta of 0.62. The business’s 50-day moving average is C$48.84 and its 200 day moving average is C$51.66. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. Rogers Communications has a 12 month low of C$43.13 and a 12 month high of C$64.71.

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.