Rogers Communications Price Target Cut to C$47.00 by Analysts at TD Securities (RCI.B)
Investment analysts at TD Securities lowered their target price on shares of Rogers Communications (TSE:RCI.B) from C$49.00 to C$47.00 in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock.
A number of other analysts have also recently weighed in on RCI.B. Analysts at BMO Capital Markets cut their price target on shares of Rogers Communications from C$48.00 to C$45.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Rogers Communications from an “overweight” rating to a “neutral” rating in a research note on Thursday. They now have a C$44.00 price target on the stock, down previously from C$49.00. Finally, analysts at CIBC cut their price target on shares of Rogers Communications from C$44.00 to C$42.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$48.10.
Rogers Communications Inc (TSE:RCI) is a diversified public communications and media company.
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