Rogers Communications Inc. (TSE:RCI.B) Receives Average Rating of “Moderate Buy” from Brokerages

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$67.14.

Several research analysts recently weighed in on RCI.B shares. Scotiabank decreased their target price on Rogers Communications from C$69.00 to C$66.50 in a research note on Tuesday, November 26th. Royal Bank of Canada raised their price objective on shares of Rogers Communications from C$65.00 to C$66.00 in a research report on Thursday, September 19th. BMO Capital Markets lifted their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a research note on Thursday, September 19th. National Bankshares cut their target price on shares of Rogers Communications from C$77.00 to C$67.00 in a research note on Tuesday, November 12th. Finally, Desjardins decreased their price target on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating on the stock in a research report on Thursday.

Rogers Communications Stock Performance

Shares of TSE RCI.B opened at C$50.00 on Friday. Rogers Communications has a 1 year low of C$48.67 and a 1 year high of C$64.71. The company has a debt-to-equity ratio of 436.50, a quick ratio of 0.58 and a current ratio of 0.65. The stock has a fifty day moving average price of C$51.91 and a two-hundred day moving average price of C$52.76. The firm has a market cap of C$21.08 billion, a P/E ratio of 30.67, a PEG ratio of 0.32 and a beta of 0.62.

Rogers Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd were issued a $0.50 dividend. The ex-dividend date was Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.00%. Rogers Communications’s dividend payout ratio is currently 122.70%.

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.