In a report released today, Jerome Dubreuil from Desjardins maintained a Hold rating on Rogers Communication (RCI – Research Report), with a price target of C$68.00. The company’s shares closed today at $46.07.
According to TipRanks, Dubreuil is an analyst with an average return of -4.4% and a 41.18% success rate.
In addition to Desjardins, Rogers Communication also received a Hold from RBC Capital’s Drew Mcreynolds in a report issued on July 12. However, on July 24, Veritas Investment Research upgraded Rogers Communication (NYSE: RCI) to a Buy.
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Based on Rogers Communication’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.84 billion and a net profit of $511 million. In comparison, last year the company earned a revenue of $3.62 billion and had a net profit of $392 million
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RCI in relation to earlier this year.
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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 Reports Second Quarter 2023 Results
- Rogers Communications Declares 50 Cents per Share Quarterly Dividend
- Rogers Communications Inc. Announces Expiration and Final Results of Exchange Offer for Notes Issued in Connection with Prior Private Offering
- Rogers Communications upgraded to Buy from Reduce at Veritas
- Is RCI a Buy, Before Earnings?
