Canaccord Genuity analyst Aravinda Galappatthige maintained a Buy rating on Rogers Communication (RCI – Research Report) today and set a price target of C$65.00. The company’s shares closed today at $37.83.
Galappatthige covers the Communication Services sector, focusing on stocks such as BCE, Quebecor, and TELUS International (CDA). According to TipRanks, Galappatthige has an average return of -2.3% and a 45.27% success rate on recommended stocks.
In addition to Canaccord Genuity, Rogers Communication also received a Buy from Scotiabank’s Maher Yaghi in a report issued yesterday. However, on October 13, Desjardins maintained a Hold rating on Rogers Communication (NYSE: RCI).
See Insiders’ Hot Stocks on TipRanks >>
Based on Rogers Communication’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.05 billion and a net profit of $703 million. In comparison, last year the company earned a revenue of $3.87 billion and had a net profit of $581 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 price target lowered to C$68 from C$73.50 at Scotiabank
- Rogers Communications price target lowered to C$67 from C$76 at CIBC
- Adeia price target lowered to $16 from $17 at Stephens
- Rogers Communications turns on 5G service for TTC riders
- Rogers Welcomes All Riders to the TTC 5G Network
