Rogers Communications Inc. (TSE:RCI.B) Receives Consensus Rating of “Moderate Buy” from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given 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$66.23.

A number of research firms have issued reports on RCI.B. National Bankshares reduced their target price on shares of Rogers Communications from C$77.00 to C$67.00 in a report on Tuesday, November 12th. Desjardins reduced their price objective on Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, November 28th. Scotiabank lowered their target price on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. BMO Capital Markets increased their price target on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Finally, TD Securities lowered their price objective on Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd.

Rogers Communications Stock Down 0.1 %

Shares of TSE:RCI.B opened at C$43.75 on Thursday. The firm’s 50-day moving average is C$49.24 and its two-hundred day moving average is C$51.78. 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$43.13 and a 1 year high of C$64.71. The firm has a market capitalization of C$18.45 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.