Rogers Communications Inc. (RCI.B) PT Raised to C$62.00 at JPMorgan Chase & Co.
Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) had its target price lifted by analysts at JPMorgan Chase & Co. from C$60.00 to C$62.00 in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the stock.
Several other research analysts also recently commented on RCI.B. Desjardins reduced their price objective on Rogers Communications from C$61.00 to C$57.50 in a research note on Wednesday, December 21st. Royal Bank of Canada downgraded Rogers Communications from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$56.00 to C$55.00 in a research note on Monday, January 9th. Scotiabank reissued an “outperform” rating and issued a C$60.00 price objective on shares of Rogers Communications in a research note on Wednesday, January 18th. National Bank Financial increased their price objective on Rogers Communications from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. Finally, CIBC increased their price objective on Rogers Communications from C$57.00 to C$59.00 in a research note on Friday, January 27th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$61.27.
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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.
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