Rogers Communications Inc. (RCI.B) Given Consensus Rating of “Buy” by Brokerages

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been given an average recommendation of “Buy” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$68.96.

Several analysts have issued reports on RCI.B shares. Scotiabank increased their price objective on shares of Rogers Communications from C$71.50 to C$73.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. CIBC increased their price objective on shares of Rogers Communications from C$65.00 to C$67.00 in a research report on Friday, October 20th. Desjardins increased their price objective on shares of Rogers Communications from C$66.50 to C$67.50 and gave the company a “hold” rating in a research report on Friday, October 20th. Citigroup increased their price objective on shares of Rogers Communications from C$63.00 to C$65.00 in a research report on Friday, October 20th. Finally, BMO Capital Markets increased their price objective on shares of Rogers Communications from C$70.00 to C$71.00 and gave the company an “outperform” rating in a research report on Friday, October 20th.

Shares of Rogers Communications (TSE:RCI.B) traded down C$0.02 during midday trading on Friday, hitting C$64.22. 161,890 shares of the stock were exchanged, compared to its average volume of 832,477. Rogers Communications has a 1-year low of C$50.44 and a 1-year high of C$70.08.

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Rogers Communications Company Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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