Canaccord Genuity Group Issues Positive Forecast for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B - Get Free Report) NYSE: RCI had its price objective boosted by stock analysts at Canaccord Genuity Group from C$44.00 to C$47.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 28.56% from the stock's current price.Get Rogers Communications alerts:A number of other equities analysts have also recently issued reports on the company. National Bankshares set a C$52.00 target price on Rogers Communications and gave the stock an "outperform" rating in a report on Friday. Scotiabank cut their price objective on shares of Rogers Communications from C$49.50 to C$48.50 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Rogers Communications from C$53.00 to C$55.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. TD Securities lowered their target price on shares of Rogers Communications from C$60.00 to C$56.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their target price on shares of Rogers Communications from C$57.00 to C$54.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Rogers Communications currently has an average rating of "Moderate Buy" and an average price target of C$55.73.Check Out Our Latest Research Report on RCI.BRogers Communications Trading Up 1.8%Shares of Rogers Communications stock traded up C$0.64 on Monday, hitting C$36.56. 720,316 shares of the company's stock traded hands, compared to its average volume of 1,987,693. The firm's 50-day moving average price is C$35.53 and its two-hundred day moving average price is C$40.15. The stock has a market capitalization of C$15.42 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.32 and a beta of 0.62. Rogers Communications has a one year low of C$32.42 and a one year high of C$56.55. 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 (Get Free Report)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.See AlsoFive stocks we like better than Rogers CommunicationsFinancial Services Stocks InvestingWhy Unity Software May Be the AI Breakout No One Saw ComingHow to Short a Stock in 5 Easy Steps Institutional Investors Couldn't Resist These 5 Stocks in Q1What Does a Gap Up Mean in Stocks? How to Play the GapWhich U.S. Towns See Economic Change First? [2025 Survey]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