Rogers Communications (TSE:RCI.B) Price Target Raised to C$62.00 at Canadian Imperial Bank of Commerce

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective lifted by Canadian Imperial Bank of Commerce from C$61.00 to C$62.00 in a research report report published on Thursday morning,BayStreet.CA reports. Canadian Imperial Bank of Commerce currently has an outperformer rating on the stock.

Other equities analysts have also issued reports about the stock. National Bank Financial raised their target price on shares of Rogers Communications from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. cut their price target on Rogers Communications from C$65.00 to C$63.00 in a research note on Wednesday, April 1st. Scotiabank cut their price target on Rogers Communications from C$58.00 to C$57.75 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Canaccord Genuity Group upped their price target on Rogers Communications from C$55.00 to C$58.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Desjardins cut their price target on Rogers Communications from C$55.00 to C$54.50 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Rogers Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.33.

Rogers Communications Stock Performance

Shares of RCI.B opened at C$51.13 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The firm has a market cap of C$27.62 billion, a PE ratio of 4.01, a price-to-earnings-growth ratio of 0.32 and a beta of 0.96. The company’s 50 day simple moving average is C$51.45 and its 200-day simple moving average is C$51.71. Rogers Communications has a 12-month low of C$34.19 and a 12-month high of C$56.27.

Key Stories Impacting Rogers Communications

Here are the key news stories impacting Rogers Communications this week:

• Positive Sentiment: TD upgraded RCI.B from “hold” to “buy” and raised its target to C$60.00 (from C$56.00), implying ~17.6% upside. BayStreet.CA
• Positive Sentiment: Scotia upgraded RCI.B from “sector perform” to “sector outperform” and lifted its target to C$60.50 (from C$57.75), implying ~18.5% upside. BayStreet.CA
• Positive Sentiment: RBC raised its price target to C$63.00 (from C$61.00) and rates RCI.B “outperform,” implying ~23% upside — the most bullish target in this group. BayStreet.CA
• Positive Sentiment: Canaccord Genuity raised its target to C$58.00 (from C$55.00) and now rates RCI.B a “buy,” suggesting ~13.6% upside. BayStreet.CA
• Neutral Sentiment: Desjardins raised its target to C$59.00 (from C$54.50) but kept a “hold” rating, a mixed signal: higher target but unchanged conviction. BayStreet.CA
• Positive Sentiment: National Bank Financial bumped its target to C$62.00 (from C$60.00) and rates RCI.B “outperform,” indicating ~21.5% upside. BayStreet.CA
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its target to C$62.00 (from C$61.00) and rates RCI.B an “outperformer,” aligning with peers on stronger outlooks. BayStreet.CA TickerReport
• Neutral Sentiment: Broader coverage piece comparing Telus and Rogers may influence investor rotation between Canadian telecom names depending on relative valuation and growth arguments; impact on RCI.B is uncertain. MSN Article

Rogers Communications Company Profile

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years. Rogers’ cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers’ media unit, which owns and operates various television and radio stations and the Toronto Blue Jays.