Rogers Communications Inc. (TSE:RCI.B) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Rogers Communications Inc. (TSE:RCI.B - Get Free Report) NYSE: RCI has received a consensus rating of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$56.69.Get Rogers Communications alerts:Several research analysts have issued reports on RCI.B shares. Barclays lowered Rogers Communications from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from C$63.00 to C$39.00 in a research note on Thursday, January 30th. Canaccord Genuity Group cut their price target on shares of Rogers Communications from C$55.00 to C$46.00 in a report on Tuesday, January 7th. Bank of America decreased their price objective on shares of Rogers Communications from C$55.00 to C$50.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Rogers Communications from C$57.00 to C$53.00 and set an "overweight" rating for the company in a report on Thursday. Finally, UBS Group reduced their target price on Rogers Communications from C$66.00 to C$63.00 in a report on Tuesday.Read Our Latest Report on RCI.BRogers Communications Stock Up 0.1 %RCI.B opened at C$36.73 on Friday. The company has a market capitalization of C$15.49 billion, a P/E ratio of 22.53, a P/E/G ratio of 0.32 and a beta of 0.62. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The firm's fifty day moving average price is C$39.74 and its two-hundred day moving average price is C$45.99. Rogers Communications has a fifty-two week low of C$35.51 and a fifty-two week high of C$56.55. About Rogers Communications (Get Free ReportRogers 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.Read MoreFive stocks we like better than Rogers CommunicationsDo Real Estate Investment Trusts Deserve a Place in Your Portfolio?Archer Aviation’s Africa Deal Could Boost ACHR StockUtilities Stocks Explained – How and Why to Invest in UtilitiesAre Short Sellers Wrong About These 3 Semiconductor Stocks?Special Purpose Acquisition Company (SPAC) What You Need to Know Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Rogers Communications Right Now?Before you consider Rogers Communications, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rogers Communications wasn't on the list.While Rogers Communications currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here