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

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been assigned an average rating of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$64.92.

Several research analysts have issued reports on RCI.B shares. TD Securities raised their price objective on shares of Rogers Communications from C$69.00 to C$72.00 and gave the stock an “action list buy” rating in a research report on Friday, July 21st. Barclays PLC lifted their target price on shares of Rogers Communications from C$57.00 to C$63.00 in a report on Thursday, April 20th. Scotiabank reaffirmed an “outperform” rating and issued a C$70.00 target price on shares of Rogers Communications in a report on Tuesday, July 4th. Desjardins lifted their target price on shares of Rogers Communications from C$59.00 to C$62.50 in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada lifted their target price on shares of Rogers Communications from C$59.00 to C$61.00 and gave the company a “sector perform” rating in a report on Wednesday, April 19th.

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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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