Analysts Set Rogers Communications Inc. (TSE:RCI.B) PT at C$60.31

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$60.31.

RCI.B has been the topic of several research analyst reports. Royal Bank of Canada lowered their price target on shares of Rogers Communications from C$66.00 to C$61.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. TD Securities increased 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. Desjardins reduced their price target on 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. Barclays lowered Rogers Communications from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from C$63.00 to C$39.00 in a report on Thursday, January 30th. Finally, National Bankshares dropped their target price on Rogers Communications from C$62.00 to C$54.00 and set an "outperform" rating for the company in a report on Friday, January 3rd.

Rogers Communications Stock Performance

Shares of RCI.B stock traded down C$0.36 on Friday, reaching C$39.75. The stock had a trading volume of 1,469,913 shares, compared to its average volume of 2,188,692. Rogers Communications has a 12 month low of C$37.97 and a 12 month high of C$62.05. The firm has a market capitalization of C$16.76 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 0.32 and a beta of 0.62. The firm's 50-day moving average is C$42.75 and its two-hundred day moving average is C$49.38. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50.

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.