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

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI has received an average rating of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$66.23.

A number of analysts have weighed in on RCI.B shares. Royal Bank of Canada reduced their target price 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. Scotiabank reduced their price target on shares of Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. National Bankshares dropped their target price on shares of Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th. Desjardins decreased 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 research note on Thursday, November 28th. Finally, BMO Capital Markets raised their price objective on Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th.

Rogers Communications Trading Down 0.2 %

RCI.B stock traded down C$0.09 during mid-day trading on Thursday, reaching C$43.80. 1,534,649 shares of the stock traded hands, compared to its average volume of 1,629,181. Rogers Communications has a one year low of C$43.44 and a one year high of C$64.71. The stock has a market capitalization of C$18.47 billion, a PE ratio of 26.87, a PEG ratio of 0.32 and a beta of 0.62. 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 business has a 50-day moving average price of C$49.60 and a two-hundred day moving average price of C$51.94.

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.