Brokerages Set Rogers Communications Inc. (TSE:RCI.B) Price Target at $57.58
Shares of Rogers Communications Inc. (TSE:RCI.B) have been given an average rating of “Buy” by the twelve research firms that are presently covering the stock. Three research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is C$57.58.
A number of equities analysts have recently commented on the stock. TD Securities reissued a “buy” rating and issued a C$58.00 target price on shares of Rogers Communications in a research note on Wednesday, July 6th. Citigroup Inc. raised their price target on shares of Rogers Communications from C$51.00 to C$55.00 in a report on Tuesday, July 19th. Desjardins raised their price target on shares of Rogers Communications from C$56.00 to C$61.00 in a report on Thursday, August 11th. Scotiabank reaffirmed an “outperform” rating and set a C$56.00 price target on shares of Rogers Communications in a report on Tuesday, June 21st. Finally, Royal Bank Of Canada raised their price target on shares of Rogers Communications from C$54.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, July 22nd.
About Rogers Communications
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet and telephony services to consumers and businesses. The Company operates through four segments: Wireless, Cable, Business Solutions and Media. Its Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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