Rogers Communication (RCI) Gets a Buy from J.P. Morgan

J.P. Morgan analyst Sebastiano Petti maintained a Buy rating on Rogers Communication (RCIResearch Report) today and set a price target of C$74.00. The company’s shares closed yesterday at $42.55.

According to TipRanks, Petti is an analyst with an average return of -16.4% and a 31.58% success rate.

Currently, the analyst consensus on Rogers Communication is a Strong Buy with an average price target of $52.74, which is a 23.95% upside from current levels. In a report released on October 26, CIBC also maintained a Buy rating on the stock with a C$69.00 price target.

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RCI market cap is currently $21.31B and has a P/E ratio of 16.04.

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Incorporated in 1960, Canada-based Rogers Communications, Inc. provides wireless communications services. It operates its business through the following segments: Wireless, Cable, and Media.

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