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

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Rogers Communications Inc. Class B (TSE:RCI.B) (NYSE:RCI) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$70.93.

RCI.B has been the topic of several recent analyst reports. BMO Capital Markets set a C$75.00 price target on shares of Rogers Communications Inc. Class B and gave the company an “outperform” rating in a report on Friday, July 20th. CIBC lifted their price target on shares of Rogers Communications Inc. Class B from C$67.00 to C$70.00 in a report on Friday, July 20th. Macquarie cut their price target on shares of Rogers Communications Inc. Class B from C$76.00 to C$74.00 in a report on Monday. Barclays lifted their price target on shares of Rogers Communications Inc. Class B from C$68.00 to C$70.00 in a report on Friday, July 20th. Finally, National Bank Financial lifted their price target on shares of Rogers Communications Inc. Class B from C$64.00 to C$68.00 and gave the company a “sector perform” rating in a report on Tuesday, July 10th.

TSE:RCI.B traded up C$0.56 during trading hours on Thursday, hitting C$67.09. The company had a trading volume of 930,235 shares, compared to its average volume of 906,109. Rogers Communications Inc. Class B has a 52 week low of C$55.67 and a 52 week high of C$70.08.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Stockholders of record on Wednesday, October 3rd were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, September 13th.

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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