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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been given an average recommendation of “Buy” by the eight brokerages that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$74.88.

A number of brokerages have commented on RCI.B. Scotiabank reduced their price objective on Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Cormark boosted their price target on Rogers Communications from C$76.00 to C$86.00 in a research note on Friday, February 2nd. National Bankshares cut their price target on 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 boosted their price target on Rogers Communications from C$72.50 to C$74.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. cut their price target on Rogers Communications from C$90.00 to C$81.00 in a research note on Tuesday, April 2nd.

Rogers Communications Price Performance

RCI.B stock opened at C$52.30 on Friday. The stock has a 50-day moving average price of C$56.98 and a two-hundred day moving average price of C$58.46. Rogers Communications has a 12-month low of C$50.15 and a 12-month high of C$67.67. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 442.92. The company has a market cap of C$21.97 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54.

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.