Barclays lowered the firm’s price target on Rogers Communications (RCI) to C$37 from C$39 and keeps an Equal Weight rating on the shares as part of a Q1 preview. The firm says the attractiveness of a defensive sector is limited by the low growth Canadian telecom environment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCI:
- Rogers Communications price target lowered to C$35 from C$41 at Morgan Stanley
- Rogers Communication: Hold Rating Maintained Amid Neutral Valuation and Strategic Investments
- Positive Outlook for Rogers Communication: Buy Rating with Target Price of C$60.00
- Rogers Communications upgraded to Buy from Hold at Canaccord
- Rogers Communications price target lowered to C$60 from C$62 at TD Securities