Rogers Communications Inc. (TSE:RCI.B) Stock Has Consensus Target Price of C$58.77 According to Brokerages

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$58.77.

Several analysts have issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating and set a C$58.00 price objective for the company in a research note on Monday, September 14th. TD lifted their price objective on Rogers Communications from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Scotiabank upped their target price on Rogers Communications from C$60.50 to C$61.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 7th. Finally, Raymond James Financial set a C$68.00 target price on Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 16th.

Rogers Communications Price Performance

Rogers Communications stock opened at C$42.46 on Wednesday. Rogers Communications has a 52 week low of C$41.76 and a 52 week high of C$56.27. 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 firm’s 50-day simple moving average is C$48.42 and its 200 day simple moving average is C$49.12. The firm has a market capitalization of C$22.94 billion, a PE ratio of 3.72, a P/E/G ratio of 0.32 and a beta of 1.09.

About Rogers Communications

Rogers is Canada’s communications, sports and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or about.rogers.com/investor-relations.