Rogers Communications (TSE:RCI.B) Raised to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Rogers Communications (TSE:RCI.BGet Rating) (NYSE:RCI) to a buy rating in a research report report published on Tuesday morning, TipRanks reports. The brokerage currently has C$69.00 price objective on the stock.

Several other research firms have also recently commented on RCI.B. TD Securities cut their price target on Rogers Communications from C$87.00 to C$80.00 and set a buy rating for the company in a report on Monday, May 9th. BMO Capital Markets increased their price target on Rogers Communications from C$76.00 to C$80.00 in a report on Thursday, April 21st. Cormark increased their price target on Rogers Communications from C$79.00 to C$86.00 and gave the company a buy rating in a report on Thursday, April 21st. Royal Bank of Canada increased their price target on Rogers Communications from C$75.00 to C$77.00 and gave the company a sector perform rating in a report on Thursday, April 21st. Finally, National Bankshares raised their target price on Rogers Communications from C$77.00 to C$83.00 and gave the stock an outperform rating in a research note on Thursday, April 21st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rogers Communications currently has a consensus rating of Moderate Buy and an average price target of C$77.83.

TSE:RCI.B opened at C$61.55 on Tuesday. Rogers Communications has a one year low of C$56.00 and a one year high of C$80.85. The company has a debt-to-equity ratio of 324.87, a quick ratio of 0.57 and a current ratio of 2.39. The stock has a market cap of C$31.08 billion and a PE ratio of 19.60. The stock has a 50 day moving average price of C$66.01 and a 200 day moving average price of C$65.30.

Rogers Communications Company Profile (Get Rating)

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.

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