Investment analysts at CIBC lifted their target price on shares of Rogers Communications (NYSE: RCI)
Shares of Rogers Communications traded down 0.89% during mid-day trading on Wednesday, hitting $46.52. Rogers Communications has a one year low of $33.58 and a one year high of $47.04. The stock?s 50-day moving average is currently $45.70. The company has a market cap of $23.969 billion and a P/E ratio of 16.18.
RCI has been the subject of a number of other recent research reports. Analysts at Bank of America downgraded shares of Rogers Communications from a ?buy? rating to a ?neutral? rating in a research note to investors on Wednesday. Separately, analysts at Canaccord Genuity raised their price target on shares of Rogers Communications from $50.00 to $53.00 in a research note to investors on Monday. Finally, analysts at BMO Capital Markets upgraded shares of Rogers Communications from a ?market perform? rating to an ?outperform? rating in a research note to investors on Monday. They now have a $52.50 price target on the stock, up previously from $47.00.
Eleven research analysts have rated the stock with a buy rating, one has issued an overweight rating, and seven have issued a hold rating to the company?s stock. Rogers Communications presently has a consensus rating of ?overweight? and an average price target of $46.24. Rogers Communications Inc. (RCI) is a diversified public Canadian communications and media company. The Company operates in three segments: wireless, cable and media.