Desjardins Increases Rogers Communications Inc. (RCI.B) Price Target to C$67.50

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) had its target price raised by equities researchers at Desjardins from C$66.50 to C$67.50 in a report issued on Friday. The firm presently has a “hold” rating on the stock.

Other equities research analysts have also issued reports about the company. TD Securities increased their price target on Rogers Communications from C$72.00 to C$75.00 and gave the stock an “action list buy” rating in a research report on Friday. Scotiabank restated an “outperform” rating and set a C$70.00 price target on shares of Rogers Communications in a research report on Tuesday, July 4th. BMO Capital Markets increased their price target on Rogers Communications from C$67.00 to C$70.00 in a research report on Friday, July 21st. Royal Bank Of Canada increased their price target on Rogers Communications from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co increased their price target on Rogers Communications from C$62.00 to C$69.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Rogers Communications presently has a consensus rating of “Buy” and a consensus price target of C$68.96.

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About Rogers Communications

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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