Wall Street Analysts Are Bullish on Top Communication Services Picks
There’s a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Rogers Communication (RCI) and Telus (TU) with bullish sentiments.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Rogers Communication (RCI)
In a report released yesterday, Aravinda Galappatthige from Canaccord Genuity maintained a Buy rating on Rogers Communication. The company’s shares closed last Friday at $32.93.
According to TipRanks.com, Galappatthige is a 3-star analyst with an average return of
Rogers Communication has an analyst consensus of Strong Buy, with a price target consensus of $42.38, implying a 28.6% upside from current levels. In a report issued on July 6, BMO Capital also maintained a Buy rating on the stock with a C$60.00 price target.
See the top stocks recommended by analysts >>
Telus (TU)
RBC Capital analyst Drew Mcreynolds maintained a Buy rating on Telus on July 9 and set a price target of C$20.00. The company’s shares closed last Friday at $10.42.
According to TipRanks.com, Mcreynolds is a 4-star analyst with an average return of
Currently, the analyst consensus on Telus is a Hold with an average price target of $14.07.
Read More on RCI:
Disclaimer & DisclosureReport an Issue
- Rogers Communications price target raised to C$61 from C$60.50 at Scotiabank
- Rogers Maintained at Buy as Wireless Outperformance and Sports & Media Upside Support Unchanged $60 Price Target
- Rogers Communications to buy remaining 25% ownership stake in MLSE for C$4.35B
- Rogers to Acquire Remaining MLSE Stake, Becoming 100% Owner
- M&A News: Canada’s Rogers (RCI) Buys Remaining Stake in Maple Leaf Sports for $4.35 Billion
