Rogers Communications (TSE:RCI.B) Upgraded by Scotia to “Sector Outperform” Rating

Scotia upgraded shares of Rogers Communications (TSE:RCI.B) (NYSE:RCI) from a sector perform rating to a sector outperform rating in a report issued on Thursday,BayStreet.CA reports. Scotia currently has C$60.50 price target on the stock, up from their prior price target of C$57.75.

RCI.B has been the topic of several other reports. National Bank Financial raised their price target on shares of Rogers Communications from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank decreased 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 research note on Tuesday, January 20th. TD Securities cut shares of Rogers Communications from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$65.00 to C$56.00 in a research note on Thursday, April 2nd. Canadian Imperial Bank of Commerce raised their price target on Rogers Communications from C$61.00 to C$62.00 and gave the stock an “outperformer” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on 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 given a Hold rating to the stock. According to data from MarketBeat, Rogers Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.33.

Rogers Communications Price Performance

Rogers Communications stock opened at C$51.13 on Thursday. Rogers Communications has a 12-month low of C$34.19 and a 12-month high of C$56.27. The stock 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 moving average is C$51.45 and its two-hundred day moving average is C$51.71. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

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

Rogers Communications Company Profile

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.