Rogers Communications (TSE:RCI.B) Price Target Raised to C$64.00 at TD Securities

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective hoisted by TD Securities from C$63.00 to C$64.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on RCI.B. Royal Bank of Canada reduced their price target on shares of Rogers Communications from C$66.00 to C$61.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Canaccord Genuity Group reduced their price objective on shares of Rogers Communications from C$55.00 to C$46.00 in a research note on Tuesday, January 7th. National Bankshares reduced their price objective on shares of Rogers Communications from C$62.00 to C$54.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Desjardins reduced their price objective on shares of Rogers Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday, November 28th. Finally, Barclays lowered shares of Rogers Communications from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$63.00 to C$39.00 in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Rogers Communications has a consensus rating of “Moderate Buy” and a consensus price target of C$60.31.

Rogers Communications Trading Up 1.2 %

TSE:RCI.B opened at C$40.11 on Thursday. Rogers Communications has a one year low of C$37.97 and a one year high of C$62.05. 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 firm has a market cap of C$16.91 billion, a P/E ratio of 24.61, a P/E/G ratio of 0.32 and a beta of 0.62. The firm has a 50-day simple moving average of C$43.18 and a 200-day simple moving average of C$49.57.

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.