Rogers Communications Inc. (TSE:RCI.B) Given Consensus Rating of “Buy” by Brokerages

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$74.88.

RCI.B has been the topic of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. Barclays cut their price target on shares of Rogers Communications from C$70.00 to C$63.00 in a report on Tuesday, April 9th. Canaccord Genuity Group boosted their price target on shares of Rogers Communications from C$72.50 to C$74.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets cut their price target on shares of Rogers Communications from C$80.00 to C$65.00 in a report on Tuesday, April 2nd. Finally, National Bankshares cut their price target on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating on the stock in a report on Tuesday, April 9th.

Rogers Communications Price Performance

RCI.B opened at C$53.01 on Friday. The company has a debt-to-equity ratio of 442.92, a current ratio of 0.89 and a quick ratio of 0.58. The company has a market capitalization of C$22.27 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 0.92 and a beta of 0.54. The firm’s fifty day moving average price is C$57.42 and its two-hundred day moving average price is C$58.38. Rogers Communications has a 1 year low of C$50.15 and a 1 year high of C$67.67.

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.