Rogers Communications Downgraded by Canaccord Genuity to Sell (RCI.B)
Rogers Communications (TSE:RCI.B) was downgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “sell” rating in a report issued on Tuesday, AmericanBankingNews.com reports. They currently have a C$41.00 price objective on the stock, down from their previous price objective of C$43.00.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank downgraded shares of Rogers Communications to a “sector perform” rating in a research note on Monday, April 14th. Separately, analysts at TD Securities cut their price target on shares of Rogers Communications from C$49.00 to C$47.00 in a research note on Friday, February 21st. They now have a “hold” rating on the stock. Finally, 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, February 20th. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Rogers Communications currently has a consensus rating of “Hold” and a consensus target price of C$47.78.
Rogers Communications Inc (TSE:RCI) is a diversified public communications and media company.
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