Rogers Communications Inc. (RCI.B.TO) – What Are Brokerages Saying About This Stock?

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$58.77.

Several research analysts have recently issued reports on the company. Royal Bank Of Canada set a C$60.00 price target on Rogers Communications and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Canaccord Genuity Group lowered their price objective on shares of Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Desjardins upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating and set a C$58.00 target price for the company in a report on Monday, September 14th. TD raised their target price on shares of Rogers Communications from C$60.00 to C$65.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, National Bank Financial cut their target price on shares of Rogers Communications from C$62.00 to C$59.00 in a research report on Wednesday, September 30th.

Rogers Communications Stock Up 3.1%

Rogers Communications stock opened at C$43.77 on Wednesday. Rogers Communications has a fifty-two week low of C$41.76 and a fifty-two week high of C$56.27. The firm has a market capitalization of C$23.65 billion, a price-to-earnings ratio of 3.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09. The stock’s fifty day moving average is C$48.24 and its two-hundred day moving average is C$48.94. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65.

About Rogers Communications

Rogers is Canada’s communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or about.rogers.com/investor-relations.