Rogers Communications Inc. (TSE:RCI.B) Receives C$69.13 Average Target Price from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$69.13.

RCI.B has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. National Bankshares dropped their price objective on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 9th. Canaccord Genuity Group cut shares of Rogers Communications from a “buy” rating to a “hold” rating and decreased their target price for the company from C$59.00 to C$57.00 in a research note on Thursday, July 25th. Barclays dropped their price target on shares of Rogers Communications from C$70.00 to C$63.00 in a research report on Tuesday, April 9th. Finally, TD Securities decreased their price objective on shares of Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating for the company in a research report on Monday, July 22nd.

Rogers Communications Trading Up 1.4 %

TSE RCI.B opened at C$53.59 on Monday. Rogers Communications has a 12-month low of C$48.67 and a 12-month high of C$64.71. The company has a fifty day simple moving average of C$52.04 and a two-hundred day simple moving average of C$55.49. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 434.09. The stock has a market cap of C$22.51 billion, a P/E ratio of 49.62, a P/E/G ratio of 0.92 and a beta of 0.56.

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.