Rogers Communications (TSE:RCI.B) Given New C$58.00 Price Target at Canaccord Genuity Group

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective raised by Canaccord Genuity Group from C$55.00 to C$58.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on RCI.B. Scotiabank lowered their price target on shares of Rogers Communications from C$58.00 to C$57.75 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. TD Securities downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating and lowered their price target for the company from C$65.00 to C$56.00 in a report on Thursday, April 2nd. Desjardins lowered their price target on shares of Rogers Communications from C$55.00 to C$54.50 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Rogers Communications from C$65.00 to C$63.00 in a report on Wednesday, April 1st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.33.

Rogers Communications Price Performance

Shares of TSE:RCI.B opened at C$51.13 on Thursday. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. Rogers Communications has a 1-year low of C$34.19 and a 1-year high of C$56.27. The company has a market capitalization of C$27.62 billion, a P/E ratio of 4.01, a P/E/G ratio of 0.32 and a beta of 0.96. The firm’s 50 day simple moving average is C$51.45 and its two-hundred day simple moving average is C$51.71.

Key Rogers Communications News

Here are the key news stories impacting Rogers Communications this week:

• Positive Sentiment: TD upgraded RCI.B from “hold” to “buy” and raised its target to C$60.00 (from C$56.00), implying ~17.6% upside. BayStreet.CA
• Positive Sentiment: Scotia upgraded RCI.B from “sector perform” to “sector outperform” and lifted its target to C$60.50 (from C$57.75), implying ~18.5% upside. BayStreet.CA
• Positive Sentiment: RBC raised its price target to C$63.00 (from C$61.00) and rates RCI.B “outperform,” implying ~23% upside — the most bullish target in this group. BayStreet.CA
• Positive Sentiment: Canaccord Genuity raised its target to C$58.00 (from C$55.00) and now rates RCI.B a “buy,” suggesting ~13.6% upside. BayStreet.CA
• Neutral Sentiment: Desjardins raised its target to C$59.00 (from C$54.50) but kept a “hold” rating, a mixed signal: higher target but unchanged conviction. BayStreet.CA
• Positive Sentiment: National Bank Financial bumped its target to C$62.00 (from C$60.00) and rates RCI.B “outperform,” indicating ~21.5% upside. BayStreet.CA
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its target to C$62.00 (from C$61.00) and rates RCI.B an “outperformer,” aligning with peers on stronger outlooks. BayStreet.CA TickerReport
• Neutral Sentiment: Broader coverage piece comparing Telus and Rogers may influence investor rotation between Canadian telecom names depending on relative valuation and growth arguments; impact on RCI.B is uncertain. MSN Article

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.