In a report issued on January 25, Phillip Huang from Barclays maintained a Hold rating on Rogers Communication (RCI), with a price target of $55. The company’s shares closed on Friday at $52.68.
According to TipRanks.com, Huang is a 5-star analyst with an average return of 9.6% and a 76.8% success rate. Huang covers the Technology sector, focusing on stocks such as CGI Group, Open Text, and BCE Inc.
Rogers Communication has an analyst consensus of Hold, with a price target consensus of $55.
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Based on Rogers Communication’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $380 million. In comparison, last year the company had a net profit of $330 million.
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Rogers Communications, Inc. engages in the provision of wireless communications services. It operates its business through the following segments: Wireless, Cable, Business Solutions, and Media.
