In a report released on January 18, Kannan Venkateshwar from Barclays maintained a Buy rating on Rogers Communication (RCI – Research Report), with a price target of $54.00. The company’s shares opened today at $47.63.
Venkateshwar covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Telus, and Rogers Communication. According to TipRanks, Venkateshwar has an average return of 6.4% and a 58.02% success rate on recommended stocks.
Currently, the analyst consensus on Rogers Communication is a Strong Buy with an average price target of $56.55, implying a 18.73% upside from current levels. In a report released on January 9, Canaccord Genuity also maintained a Buy rating on the stock with a C$72.50 price target.
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RCI market cap is currently $25.19B and has a P/E ratio of 31.69.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RCI in relation to earlier this year.
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Rogers Communication (RCI) Company Description:
Incorporated in 1960, Canada-based Rogers Communications, Inc. provides wireless communications services. It operates its business through the following segments: Wireless, Cable, and Media.
Read More on RCI:
- Rogers Communications Announces Board of Director Changes
- Rogers Communications directors Melinda Rogers-Hixon, Martha Rogers to retire
- Rogers Communications price target raised to C$72.50 from C$71 at Canaccord
- Professional Women’s Hockey League and Rogers Announce Strategic Partnership
- Rogers Communications 4Q23 Investment Community Teleconference February 1, 2024 at 8:00 a.m. ET
