Brokerages Set Rogers Communications Inc. (TSE:RCI.B) PT at C$69.13

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$69.13.

RCI.B has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Canaccord Genuity Group cut shares of Rogers Communications from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$59.00 to C$57.00 in a report on Thursday, July 25th. TD Securities reduced their price objective on shares of Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Cormark lowered their target price on shares of Rogers Communications from C$74.00 to C$72.00 in a research note on Thursday, July 25th. Finally, Royal Bank of Canada dropped their target price on Rogers Communications from C$67.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th.

Rogers Communications Stock Down 0.3 %

Shares of TSE RCI.B opened at C$54.87 on Friday. The stock has a market cap of C$23.14 billion, a P/E ratio of 33.66, a PEG ratio of 0.92 and a beta of 0.62. The business’s fifty day simple moving average is C$52.39 and its 200-day simple moving average is C$54.53. Rogers Communications has a 12-month low of C$48.67 and a 12-month high of C$64.71. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

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.