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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has received a consensus rating of “Buy” from the twelve ratings firms that are currently covering the company. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$58.83.

A number of research analysts recently weighed in on RCI.B shares. Desjardins dropped their price target on shares of Rogers Communications from C$61.00 to C$57.50 in a research report on Wednesday, December 21st. Royal Bank of Canada raised their price objective on shares of Rogers Communications from C$55.00 to C$57.00 in a report on Friday, January 27th. CIBC raised their price objective on shares of Rogers Communications from C$57.00 to C$59.00 in a report on Friday, January 27th. TD Securities decreased their price objective on shares of Rogers Communications from C$62.00 to C$59.00 and set an “action list buy” rating for the company in a report on Monday, December 19th. Finally, Barclays PLC raised their price objective on shares of Rogers Communications from C$55.00 to C$57.00 and gave the stock an “equal weight” rating in a report on Friday, January 27th.

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About Rogers Communications

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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