Rogers Communications (RCI) Stock Forecast & Price Target

$30.49 -0.06 (-0.20%)

(As of 12/24/2024 05:19 PM ET)

Rogers Communications - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 6 Analyst Ratings

Sell
1

Hold
2

Buy
3

Based on 6 Wall Street analysts who have issued ratings for Rogers Communications in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 1 has given a sell rating, 2 have given a hold rating, and 3 have given a buy rating for RCI.

Consensus Price Target

$61.75
102.53% Upside

According to the 6 analysts' twelve-month price targets for Rogers Communications, the average price target is $61.75. The highest price target for RCI is $74.00, while the lowest price target for RCI is $46.00. The average price target represents a forecasted upside of 102.53% from the current price of $30.49.

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RCI Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$61.75	$61.75	$61.75	N/A
Forecasted Upside	102.53% Upside	72.10% Upside	54.09% Upside	N/A
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Buy

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RCI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RCI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rogers Communications Stock vs. The Competition

Type	Rogers Communications	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.33	2.57	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	102.53% Upside	211.90% Upside	13.49% Upside
News Sentiment Rating	Neutral News See Recent RCI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/16/2024	Morgan Stanley 3 of 5 stars	Initiated Coverage	Underweight
9/19/2024	TD Securities 4 of 5 stars	Boost Target	Buy ➝ Buy	$73.00 ➝ $74.00	+85.74%
9/19/2024	BMO Capital Markets 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$67.00 ➝ $70.00	+74.26%
7/25/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$59.00 ➝ $57.00	+53.97%
4/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$52.00 ➝ $46.00	+16.81%
11/10/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
9/15/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
2/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
1/12/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$69.00 ➝ C$72.00
1/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$75.00 ➝ C$78.00
1/3/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$71.00 ➝ C$74.75

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:09 PM ET.

Should I Buy Rogers Communications Stock? RCI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, December 18, 2024. Please send any questions or comments about these Rogers Communications pros and cons to contact@marketbeat.com.

Rogers Communications
Bull Case

Here are some ways that investors could benefit from investing in Rogers Communications Inc.:

Rogers Communications Inc. reported earnings per share (EPS) of $1.42 for the latest quarter, significantly exceeding the consensus estimate of $1.07, indicating strong financial performance and effective management.
The company achieved a revenue of $5.13 billion for the quarter, surpassing analysts' expectations of $3.79 billion, showcasing robust growth and demand for its services.
With a return on equity of 23.75%, Rogers Communications Inc. demonstrates effective use of shareholders' equity to generate profits, which is a positive indicator for potential investors.
The stock currently has a consensus price target of $61.75, suggesting potential upside for investors based on analysts' evaluations and market expectations.
Rogers Communications Inc. maintains a dividend yield of 4.04%, providing a steady income stream for investors, despite a recent cut in the dividend payout ratio to 72.20%.

Rogers Communications
Bear Case

Investors should be bearish about investing in Rogers Communications Inc. for these reasons:

The recent cut in the dividend may signal financial strain or a shift in company strategy, which could concern income-focused investors.
Despite the positive earnings report, the revenue growth of only 0.7% year-over-year may indicate a stagnation in market expansion, raising questions about future growth potential.
Analysts have mixed ratings on the stock, with three holding a "hold" rating, which may suggest uncertainty about the company's future performance.
The competitive landscape in the wireless communications sector is intense, and Rogers Communications Inc. may face challenges in maintaining its market position against rivals.
Market volatility and economic conditions could impact the company's performance, making it a riskier investment in uncertain times.

RCI Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Rogers Communications is $61.75, with a high forecast of $74.00 and a low forecast of $46.00.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RCI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RCI, but not buy additional shares or sell existing shares.
: According to analysts, Rogers Communications's stock has a predicted upside of 102.53% based on their 12-month stock forecasts.
: Rogers Communications has been rated by research analysts at Morgan Stanley in the past 90 days.
: Analysts like Rogers Communications less than other "consumer discretionary" companies. The consensus rating for Rogers Communications is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how RCI compares to other companies.

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This page (NYSE:RCI) was last updated on 12/25/2024 by MarketBeat.com Staff

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Rogers Communications (RCI) Stock Forecast & Price Target