Desjardins upgraded shares of Rogers Communications (TSE:RCI.B – Free Report) (NYSE:RCI) from a hold rating to a buy rating in a research report released on Monday,BayStreet reports. The brokerage currently has C$58.00 target price on the stock.
A number of other equities analysts have also recently weighed in on RCI.B. Canaccord Genuity Group lowered their price target on shares of Rogers Communications from C$58.00 to C$57.50 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Scotiabank raised their price objective on shares of Rogers Communications from C$60.50 to C$61.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 7th. TD boosted their price objective on shares of Rogers Communications from C$60.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada set a C$60.00 target price on shares of Rogers Communications and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, National Bank Financial reduced their price target on shares of Rogers Communications from C$63.00 to C$62.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rogers Communications has an average rating of “Moderate Buy” and an average target price of C$59.00.
Get Our Latest Stock Analysis on RCI.B
Rogers Communications Trading Up 0.8%
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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