Desjardins Increases Rogers Communications Inc. (RCI.B) Price Target to C$62.50

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) had its price objective lifted by Desjardins from C$59.00 to C$62.50 in a note issued to investors on Wednesday, April 19th.

Several other equities research analysts have also commented on RCI.B. Scotiabank reissued an “outperform” rating and set a C$60.00 price objective on shares of Rogers Communications in a research note on Wednesday, January 18th. Royal Bank of Canada lowered shares of Rogers Communications from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$56.00 to C$55.00 in a research note on Monday, January 9th. CIBC lowered shares of Rogers Communications from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 5th. TD Securities upped 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 note on Wednesday, April 19th. Finally, Morgan Stanley upped their target price on shares of Rogers Communications from C$54.00 to C$61.00 in a research note on Thursday, April 13th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$61.27.

Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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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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