RBC Capital Reaffirms Their Buy Rating on Rogers Communication (RCI)
In a report released yesterday, Drew Mcreynolds from RBC Capital maintained a Buy rating on Rogers Communication, with a price target of C$61.00.
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According to TipRanks, Mcreynolds is a 4-star analyst with an average return of 3.3% and a 52.57% success rate. Mcreynolds covers the Communication Services sector, focusing on stocks such as BCE, Rogers Communication, and Telus.
In addition to RBC Capital, Rogers Communication also received a Buy from Canaccord Genuity’s Aravinda Galappatthige in a report issued on April 6. However, on April 7, Desjardins maintained a Hold rating on Rogers Communication (NYSE: RCI).
The company has a one-year high of C$56.27 and a one-year low of C$32.42. Currently, Rogers Communication has an average volume of 1.84M.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RCI in relation to earlier this year.
Read More on RCI:
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