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

C$49.76 -0.39 (-0.78%)

(As of 11/26/2024 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 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$67.32
35.29% Upside

According to the 8 analysts' twelve-month price targets for Rogers Communications, the average price target is C$67.32. 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 35.29% from the current price of C$49.76.

Get the Latest News and Ratings for RCI.B and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Rogers Communications and its competitors.

RCI.B Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
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)	8 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$67.32	C$68.59	C$69.13	C$71.58
Forecasted Upside	35.29% Upside	32.31% Upside	25.98% Upside	23.58% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

📉 Warning: Market Crash Predicted - Secure Your Savings (Ad)

The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.

Take these 4 steps to protect your retirement here >>>

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	2.68
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral 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
11/26/2024	Scotiabank 5 of 5 stars	Lower Target		C$69.00 ➝ C$66.50	+34.26%
11/12/2024	National Bankshares 1 of 5 stars	Lower Target		C$77.00 ➝ C$67.00	+35.90%
10/17/2024	Desjardins 2 of 5 stars	Lower Target	Buy	C$68.00 ➝ C$63.00	+19.18%
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%
9/19/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$65.00 ➝ C$66.00	+21.59%
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%
Get the Latest News and Ratings for RCI.B and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rogers Communications and its competitors with MarketBeat's FREE daily newsletter.
7/25/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$74.00 ➝ C$72.00	+39.83%
7/22/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$74.00 ➝ C$70.00	+35.29%
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 06:41 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, 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 C$52.66, which is above its 200-day moving average of C$53.24, indicating potential upward momentum and a positive trend in investor sentiment.
Rogers Communications Inc. has a strong market capitalization of C$21.76 billion, suggesting a solid position in the telecom industry, which can provide stability and growth potential for investors.
The company has a diverse revenue stream through its three segments: Wireless, Cable, and Media, which helps mitigate risks associated with reliance on a single market segment.
Rogers Communications Inc. recently declared a quarterly dividend of $0.50, translating to an annualized dividend yield of 3.88%. This can provide a steady income stream for investors.
Analysts have a consensus target price of C$68.59, with a majority rating the stock as a "Moderate Buy," indicating positive expectations for future performance.

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 indicates that it relies heavily on debt financing. This could pose risks, especially in a rising interest rate environment.
Recent price target reductions by analysts, such as JPMorgan Chase & Co. lowering their target from C$80.00 to C$69.00, may signal concerns about the company's growth prospects.
The dividend payout ratio is currently at 122.70%, suggesting that the company is paying out more in dividends than it earns, which could be unsustainable in the long term.
With a beta of 0.62, the stock is less volatile than the market, which may limit potential gains during bullish market conditions.
Recent trading volumes of 2,362,646 shares indicate a moderate level of investor interest, which may not be sufficient to drive significant price appreciation.

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$67.32, with a high forecast of C$77.00 and a low forecast of C$57.00.
: 8 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" RCI.B shares.
: According to analysts, Rogers Communications's stock has a predicted upside of 35.29% based on their 12-month stock forecasts.
: Rogers Communications has been rated by research analysts at BMO Capital Markets, Desjardins, National Bankshares, Royal Bank of Canada, and Scotiabank 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 2.68. Learn more on how RCI.B compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

📉 Warning: Market Crash Predicted - Secure Your Savings (Ad)

The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.

Take these 4 steps to protect your retirement here >>>

This page (TSE:RCI.B) was last updated on 11/27/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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