National Bank Financial Issues Positive Forecast for Rogers Communications (TSE:RCI.B) Stock Price

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective boosted by National Bank Financial from C$60.00 to C$62.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Desjardins reduced their price objective on shares of Rogers Communications from C$55.00 to C$54.50 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Scotiabank reduced their price objective on shares of Rogers Communications from C$58.00 to C$57.75 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Canaccord Genuity Group increased their price objective on shares of Rogers Communications from C$55.00 to C$58.00 and gave the company a “buy” rating in a research report on Thursday. TD Securities lowered shares of Rogers Communications from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$65.00 to C$56.00 in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Rogers Communications from C$65.00 to C$63.00 in a research report on Wednesday, April 1st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$58.33.

Rogers Communications Trading Down 0.2%

TSE RCI.B opened at C$51.13 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a market cap of C$27.62 billion, a PE ratio of 4.01, a price-to-earnings-growth ratio of 0.32 and a beta of 0.96. The company has a 50 day moving average price of C$51.45 and a 200 day moving average price of C$51.71. Rogers Communications has a 52 week low of C$34.19 and a 52 week high of C$56.27.

Key Headlines Impacting Rogers Communications

Here are the key news stories impacting Rogers Communications this week:

• Positive Sentiment: TD upgraded RCI.B from “hold” to “buy” and raised its target to C$60.00 (from C$56.00), implying ~17.6% upside. BayStreet.CA
• Positive Sentiment: Scotia upgraded RCI.B from “sector perform” to “sector outperform” and lifted its target to C$60.50 (from C$57.75), implying ~18.5% upside. BayStreet.CA
• Positive Sentiment: RBC raised its price target to C$63.00 (from C$61.00) and rates RCI.B “outperform,” implying ~23% upside — the most bullish target in this group. BayStreet.CA
• Positive Sentiment: Canaccord Genuity raised its target to C$58.00 (from C$55.00) and now rates RCI.B a “buy,” suggesting ~13.6% upside. BayStreet.CA
• Neutral Sentiment: Desjardins raised its target to C$59.00 (from C$54.50) but kept a “hold” rating, a mixed signal: higher target but unchanged conviction. BayStreet.CA
• Positive Sentiment: National Bank Financial bumped its target to C$62.00 (from C$60.00) and rates RCI.B “outperform,” indicating ~21.5% upside. BayStreet.CA
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its target to C$62.00 (from C$61.00) and rates RCI.B an “outperformer,” aligning with peers on stronger outlooks. BayStreet.CA TickerReport
• Neutral Sentiment: Broader coverage piece comparing Telus and Rogers may influence investor rotation between Canadian telecom names depending on relative valuation and growth arguments; impact on RCI.B is uncertain. MSN Article

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. Rogers’ cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers’ media unit, which owns and operates various television and radio stations and the Toronto Blue Jays.