Rogers Communications (RCI.B) Stock Forecast & Price Target

C$43.80 -0.09 (-0.21%)

(As of 12/24/2024 01:21 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

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
1

Buy
7

Based on 8 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 8 analysts, 1 has given a hold rating, and 7 have given a buy rating for RCI.B.

Consensus Price Target

C$66.23
51.20% Upside

According to the 8 analysts' twelve-month price targets for Rogers Communications, the average price target is C$66.23. The highest price target for RCI.B is C$77.00, while the lowest price target for RCI.B is C$57.00. The average price target represents a forecasted upside of 51.20% from the current price of C$43.80.

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RCI.B 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)	2 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 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	C$66.23	C$67.77	C$69.63	C$73.73
Forecasted Upside	51.20% Upside	35.14% Upside	28.94% Upside	20.71% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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RCI.B 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.B 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	Business Services Companies
Consensus Rating Score	2.88	2.69
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Negative News See Recent RCI.B 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
12/18/2024	Royal Bank of Canada 4 of 5 stars	Lower Target	Outperform	C$66.00 ➝ C$61.00	+36.80%
12/3/2024	TD Securities 4 of 5 stars	Lower Target	Buy	C$71.00 ➝ C$65.00	+29.25%
11/28/2024	Desjardins 2 of 5 stars	Lower Target	Buy	C$68.00 ➝ C$61.00	+21.61%
11/26/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$69.00 ➝ C$66.50	+34.26%
11/12/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$77.00 ➝ C$67.00	+35.90%
9/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$67.00 ➝ C$70.00	+28.96%
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7/25/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$59.00 ➝ C$57.00	+10.70%
7/25/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$74.00 ➝ C$72.00	+39.83%
7/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	C$80.00 ➝ C$69.00	+40.07%
4/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$70.00 ➝ C$63.00	+16.45%
4/4/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$80.00 ➝ C$77.00	+43.15%
10/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$75.00 ➝ C$70.00	+31.38%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:15 AM ET.

Should I Buy Rogers Communications Stock? RCI.B 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.:

The average price target set by analysts for Rogers Communications Inc. is C$67.14, indicating potential upside from the current stock price of C$50.00.
Rogers Communications Inc. has received a consensus recommendation of "Moderate Buy" from eight research firms, with seven analysts issuing buy ratings, suggesting strong market confidence in the company's future performance.
The company recently declared a quarterly dividend of $0.50 per share, translating to an annualized dividend of $2.00 and a dividend yield of 4.00%, which can provide a steady income stream for investors.
Rogers Communications Inc. operates in three segments—Wireless, Cable, and Media—allowing for diversified revenue streams and resilience against market fluctuations.
The firm has a significant market capitalization of C$21.08 billion, which can indicate stability and the ability to invest in growth opportunities.

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 436.50, which may indicate financial risk and could affect its ability to manage debt obligations effectively.
Rogers Communications Inc. has a payout ratio of 122.70%, suggesting that it is paying out more in dividends than it earns, which could be unsustainable in the long term.
Recent adjustments in target prices by brokerages, such as a drop from C$68.00 to C$61.00 by Desjardins, may reflect concerns about the company's growth prospects.
The stock has experienced a 52-week low of C$48.67, indicating potential volatility and risk for investors looking for stability.
With a P/E ratio of 30.67, the stock may be considered overvalued compared to industry averages, which could deter value-focused investors.

RCI.B Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Rogers Communications is C$66.23, with a high forecast of C$77.00 and a low forecast of C$57.00.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There is currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RCI.B shares.
: According to analysts, Rogers Communications's stock has a predicted upside of 51.20% based on their 12-month stock forecasts.
: Rogers Communications has been rated by research analysts at Desjardins, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Rogers Communications more than other "business services" companies. The consensus rating score for Rogers Communications is 2.88 while the average consensus rating score for "business services" companies is 2.69. Learn more on how RCI.B compares to other companies.

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

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Rogers Communications (RCI.B) Stock Forecast & Price Target