Rogers Communications (RCI.B) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Rogers Communications (TSE: RCI.B):

• 4/25/2024 – Rogers Communications had its price target lowered by analysts at Royal Bank of Canada from C$68.00 to C$67.00. They now have an “outperform” rating on the stock.
• 4/25/2024 – Rogers Communications had its price target lowered by analysts at Desjardins from C$75.00 to C$74.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Rogers Communications had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$71.50 to C$71.00. They now have a “buy” rating on the stock.
• 4/25/2024 – Rogers Communications had its price target lowered by analysts at TD Securities from C$82.00 to C$74.00. They now have a “buy” rating on the stock.
• 4/17/2024 – Rogers Communications had its price target lowered by analysts at Scotiabank from C$75.50 to C$71.50. They now have an “outperform” rating on the stock.
• 4/10/2024 – Rogers Communications had its price target lowered by analysts at Royal Bank of Canada from C$73.00 to C$68.00. They now have an “outperform” rating on the stock.
• 4/9/2024 – Rogers Communications had its price target lowered by analysts at National Bankshares, Inc. from C$78.00 to C$76.00. They now have an “outperform” rating on the stock.
• 4/9/2024 – Rogers Communications had its price target lowered by analysts at Barclays PLC from C$70.00 to C$63.00.
• 4/4/2024 – Rogers Communications had its price target lowered by analysts at CIBC from C$80.00 to C$77.00.
• 4/2/2024 – Rogers Communications had its price target lowered by analysts at BMO Capital Markets from C$80.00 to C$65.00.
• 4/2/2024 – Rogers Communications had its price target lowered by analysts at JPMorgan Chase & Co. from C$90.00 to C$81.00.

Rogers Communications Trading Up 0.8 %

Shares of Rogers Communications stock opened at C$52.97 on Tuesday. The company has a market cap of C$22.25 billion, a price-to-earnings ratio of 49.05, a PEG ratio of 0.92 and a beta of 0.54. Rogers Communications Inc. has a 1 year low of C$50.15 and a 1 year high of C$66.62. The company’s fifty day simple moving average is C$55.47 and its 200-day simple moving average is C$58.46. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 434.09.

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.