Rogers Communications Inc. Class B (RCI.B) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Rogers Communications Inc. Class B (TSE:RCI.B) (NYSE:RCI) have received an average rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$71.57.

RCI.B has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Rogers Communications Inc. Class B from C$72.00 to C$71.00 in a report on Monday, October 22nd. CIBC increased their price target on Rogers Communications Inc. Class B from C$70.00 to C$72.00 in a report on Monday, October 22nd. Macquarie cut their price target on Rogers Communications Inc. Class B from C$76.00 to C$74.00 in a report on Monday, October 15th. Morgan Stanley increased their price target on Rogers Communications Inc. Class B from C$65.00 to C$69.00 in a report on Friday, August 31st. Finally, TD Securities increased their price target on Rogers Communications Inc. Class B from C$78.00 to C$80.00 and gave the company an “action list buy” rating in a report on Monday, October 22nd.

Shares of Rogers Communications Inc. Class B stock opened at C$71.72 on Friday. Rogers Communications Inc. Class B has a 12 month low of C$55.67 and a 12 month high of C$70.08.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Thursday, January 3rd will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, December 10th. This represents a $1.92 annualized dividend and a yield of 2.68%.

Rogers Communications Inc. Class B Company Profile

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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Analyst Recommendations for Rogers Communications Inc. Class B (TSE:RCI.B)

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