Rogers Communications Inc. (TSE:RCI.B) Given Average Rating of “Moderate Buy” by Analysts

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$59.00.

A number of equities research analysts recently issued reports on RCI.B shares. Scotiabank boosted their price objective on Rogers Communications from C$60.50 to C$61.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Rogers Communications from C$63.00 to C$65.00 in a research report on Monday, April 27th. Royal Bank Of Canada set a C$60.00 price target on shares of Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 23rd. National Bank Financial cut their price objective on shares of Rogers Communications from C$63.00 to C$62.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Raymond James Financial set a C$68.00 price objective on shares of Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 16th.

Rogers Communications Stock Up 0.8%

Shares of TSE RCI.B opened at C$50.36 on Tuesday. Rogers Communications has a one year low of C$44.21 and a one year high of C$56.27. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The business’s fifty day moving average price is C$48.56 and its 200-day moving average price is C$50.31. The stock has a market capitalization of C$27.21 billion, a PE ratio of 4.42, a P/E/G ratio of 0.32 and a beta of 0.96.

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. Rogers’ cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers’ media unit, which owns and operates various television and radio stations and the Toronto Blue Jays.