Brokerages Set Rogers Communications Inc. (RCI.B) PT at $58.83

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been given an average recommendation of “Buy” by the thirteen research firms that are covering the company. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$61.46.

A number of brokerages recently commented on RCI.B. Barclays PLC lifted their target price on shares of Rogers Communications from C$57.00 to C$63.00 in a research report on Thursday. Desjardins lifted their target price on shares of Rogers Communications from C$59.00 to C$62.50 in a research report on Wednesday. TD Securities lifted their target price on shares of Rogers Communications from C$64.00 to C$70.00 and gave the stock an “action list buy” rating in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a C$67.00 target price on shares of Rogers Communications in a research report on Wednesday. Finally, Royal Bank of Canada lifted their target price on shares of Rogers Communications from C$59.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Wednesday.

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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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