Rogers Communications Inc. (TSE:RCI.B) Given Average Recommendation of "Moderate Buy" by Brokerages

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI has received an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$60.31.

A number of brokerages have recently issued reports on RCI.B. Barclays downgraded Rogers Communications from an "overweight" rating to an "equal weight" rating and cut their price target for the company from C$63.00 to C$39.00 in a report on Thursday, January 30th. Canaccord Genuity Group cut their price target on Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday, January 7th. Desjardins cut their price target on Rogers Communications from C$68.00 to C$61.00 and set a "buy" rating on the stock in a report on Thursday, November 28th. TD Securities boosted their target price on Rogers Communications from C$63.00 to C$64.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Scotiabank dropped their price target on Rogers Communications from C$66.50 to C$64.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 8th.

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Rogers Communications Stock Down 0.0 %

TSE RCI.B traded down C$0.02 on Tuesday, reaching C$40.19. 1,156,486 shares of the stock traded hands, compared to its average volume of 2,115,531. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The company has a fifty day moving average price of C$40.74 and a 200-day moving average price of C$47.77. The company has a market cap of C$16.95 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 0.32 and a beta of 0.62. Rogers Communications has a 12 month low of C$37.97 and a 12 month high of C$58.02.

About Rogers Communications

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.