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

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$66.23.

Several analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Rogers Communications from C$67.00 to C$70.00 in a research report on Thursday, September 19th. Royal Bank of Canada reduced their price objective on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Desjardins cut their price target on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, November 28th. TD Securities decreased their price objective on shares of Rogers Communications from C$71.00 to C$65.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Finally, Scotiabank cut their target price on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th.

Rogers Communications Trading Up 1.0 %

TSE:RCI.B opened at C$44.19 on Thursday. The firm has a market capitalization of C$18.63 billion, a P/E ratio of 27.11, a P/E/G ratio of 0.32 and a beta of 0.62. Rogers Communications has a 52 week low of C$43.13 and a 52 week high of C$64.71. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The company has a fifty day moving average of C$48.84 and a 200 day moving average of C$51.66.

Rogers Communications Company Profile

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.