Rogers Communications Inc. (TSE:RCI.B) Stock Rated “Moderate Buy” by Sell-Side Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$58.77.

RCI.B has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Rogers Communications from C$50.00 to C$42.00 in a research note on Tuesday, July 21st. TD boosted their price objective on Rogers Communications from C$60.00 to C$65.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. National Bank Financial lowered their target price on shares of Rogers Communications from C$62.00 to C$59.00 in a report on Wednesday, September 30th. Canaccord Genuity Group cut their price objective on Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada set a C$60.00 price target on shares of Rogers Communications and gave the company an “outperform” rating in a research note on Thursday, July 23rd.

Rogers Communications Trading Down 1.1%

Shares of RCI.B stock opened at C$47.74 on Friday. The company has a market cap of C$25.79 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 0.32 and a beta of 1.18. Rogers Communications has a 1 year low of C$41.76 and a 1 year high of C$56.27. The firm has a fifty day moving average price of C$46.78 and a 200-day moving average price of C$49.46. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58.

Rogers Communications Company Profile

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.