Raymond James Financial set a C$68.00 price objective on Rogers Communications (TSE:RCI.B – Free Report) (NYSE:RCI) in a report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
RCI.B has been the topic of several other research reports. Royal Bank Of Canada cut their price objective on Rogers Communications from C$63.00 to C$60.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. National Bank Financial lowered their target price on Rogers Communications from C$63.00 to C$62.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. increased their target price on Rogers Communications from C$63.00 to C$65.00 in a research note on Monday, April 27th. Scotiabank raised their target price on shares of Rogers Communications from C$60.50 to C$61.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 7th. Finally, Desjardins cut their price target on shares of Rogers Communications from C$59.00 to C$58.00 and set a “hold” rating on the stock in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$59.27.
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Rogers Communications Stock Performance
About Rogers Communications
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.
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