Rogers Communications (RCI) Stock Forecast & Price Target

$35.38 +0.17 (+0.48%)

(As of 11/22/2024 ET)

Rogers Communications - Analysts' Recommendations and Stock Price Forecast (2024)

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

Moderate Buy

Based on 5 Analyst Ratings

Sell
0

Hold
2

Buy
3

Based on 5 Wall Street analysts who have issued ratings for Rogers Communications in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for RCI.

Consensus Price Target

$61.75
74.53% Upside

According to the 5 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 74.53% from the current price of $35.38.

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RCI Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
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)	4 Buy rating(s)	3 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	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$61.75	$61.75	$51.50	N/A
Forecasted Upside	74.53% Upside	66.26% Upside	26.57% Upside	N/A
Consensus Rating	Moderate Buy	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	2.60	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	74.53% Upside	1,212.17% Upside	7.66% 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
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 1 of 5 stars	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 Sunday at 06:23 AM 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, November 20, 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.:

The stock recently traded at $36.85, showing a 1.5% increase, indicating positive market sentiment and potential for growth.
Rogers Communications Inc. reported earnings per share of $1.42, significantly exceeding analysts' expectations of $1.07, which reflects strong financial performance.
The company has a consensus rating of "Moderate Buy" from analysts, suggesting confidence in its future performance.
Rogers Communications Inc. has a market capitalization of $19.53 billion, indicating it is a well-established player in the communications sector.
Despite a recent dividend cut, the company still offers a dividend yield of 3.92%, which can provide income to investors.

Rogers Communications
Bear Case

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

The company has a high debt-to-equity ratio of 3.58, which may indicate financial risk and reliance on debt for growth.
Rogers Communications Inc. has a current ratio of 0.65, suggesting potential liquidity issues, as it may not have enough short-term assets to cover its short-term liabilities.
The dividend payout ratio is currently at 183.75%, indicating that the company is paying out more in dividends than it earns, which is unsustainable in the long run.
Recent revenue growth of only 0.7% year-over-year may not be sufficient to attract growth-focused investors.
Analysts have set an average target price of $61.75, which is significantly higher than the current stock price, indicating potential volatility and uncertainty in reaching that target.

RCI Forecast - Frequently Asked Questions

: According to the research reports of 5 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.
: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RCI shares.
: According to analysts, Rogers Communications's stock has a predicted upside of 74.53% based on their 12-month stock forecasts.
: Rogers Communications has been rated by research analysts at BMO Capital Markets, and TD Securities in the past 90 days.
: Analysts like Rogers Communications more than other "consumer discretionary" companies. The consensus rating score for Rogers Communications is 2.60 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how RCI compares to other companies.

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This page (NYSE:RCI) was last updated on 11/24/2024 by MarketBeat.com Staff

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Rogers Communications (RCI) Stock Forecast & Price Target