JPMorgan analyst Sebastiano Petti says Rogers Communications (RCI) is his top Canadian communications pick and a top pick across his coverage heading into 2023. The company’s standalone execution remains strong, says the analyst, who expects "strong wireless trends to persist in 2023 buoyed by population growth, increased penetration and 5G monetization." Petti’s base case remains that Rogers will prevail in acquiring SShaw Communications (SJI). This should provide a near-term catalyst for shares, contends Petti, who keeps an Overweight rating on Rogers with a C$74 price target.
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
See today’s best-performing stocks on TipRanks >>
Read More on RCI:
- Rogers Communications 4Q22 Investment Community Teleconference February 2, 2023 at 8:00 a.m. ET
- Rogers Communications price target lowered to C$70 from C$72 at BMO Capital
- Rogers Communications price target raised to C$69 from C$68 at RBC Capital
- Rogers Communications price target raised to C$71 from C$69.50 at Scotiabank
- Rogers Communications reports Q3 adjusted EPS C$0.84 vs C$1.03 last year