Rogers Communications (TSE:RCI.B – Get Free Report) (NYSE:RCI) had its target price lowered by equities researchers at Royal Bank of Canada from C$68.00 to C$67.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 29.17% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Cormark increased their price target on shares of Rogers Communications from C$76.00 to C$86.00 in a report on Friday, February 2nd. Desjardins increased their price target on shares of Rogers Communications from C$77.00 to C$79.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. National Bankshares lowered their price target on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating on the stock in a report on Tuesday, April 9th. TD Securities lowered their price target on shares of Rogers Communications from C$82.00 to C$74.00 and set a “buy” rating on the stock in a report on Thursday. Finally, CIBC lowered their price target on shares of Rogers Communications from C$80.00 to C$77.00 in a report on Thursday, April 4th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$72.96.
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Rogers Communications Trading Down 0.3 %
About Rogers Communications
Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.
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