Rogers Comm Cl A (RCI.A) has received a rating update from a Wall Street analyst today. Analyst Drew Mcreynolds from RBC Capital remains neutral on the stock and has a C$76 price target.
According to TipRanks.com, Mcreynolds is a 3-star analyst with an average return of 3.6% and a 53.6% success rate. Mcreynolds covers the Services sector, focusing on stocks such as Shaw Communications Inc, Points International, and Thomson Reuters Corp.
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Currently, the analyst consensus on Rogers Comm Cl A is a Hold with an average price target of C$76, implying a 6.1% upside from current levels. In a report issued on April 5, Desjardins also reiterated a Hold rating on the stock with a C$80 price target.
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Rogers Comm Cl A’s market cap is currently C$36.88B and has a P/E ratio of 18.1. The company has a Price to Book ratio of 4.51.
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.
The company’s shares closed on Tuesday at C$71.63, close to its 52-week high of C$74.15.
