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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$58.77.

A number of analysts recently issued reports on the company. Royal Bank Of Canada set a C$60.00 price objective on Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Desjardins upgraded Rogers Communications from a “hold” rating to a “buy” rating and set a C$58.00 target price for the company in a research note on Monday, September 14th. National Bank Financial reduced their target price on Rogers Communications from C$62.00 to C$59.00 in a report on Wednesday, September 30th. TD lifted their target price on Rogers Communications from C$60.00 to C$65.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley decreased their price target on Rogers Communications from C$50.00 to C$42.00 in a research report on Tuesday, July 21st.

Rogers Communications Price Performance

Rogers Communications stock opened at C$47.12 on Friday. Rogers Communications has a one year low of C$41.76 and a one year high of C$56.27. The business has a fifty day moving average price of C$46.71 and a 200-day moving average price of C$49.44. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The firm has a market capitalization of C$25.46 billion, a P/E ratio of 27.88, a PEG ratio of 0.32 and a beta of 1.18.

About Rogers Communications

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.