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RBC Capital Sticks to Its Buy Rating for Rogers Communication (RCI)

Tipranks - Tipranks - Wed Jan 14, 8:00PM CST

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 3.8% and a 53.59% success rate. Mcreynolds covers the Communication Services sector, focusing on stocks such as BCE, Quebecor, and Telus.

In addition to RBC Capital, Rogers Communication also received a Buy from Canaccord Genuity’s Aravinda Galappatthige in a report issued yesterday. However, on January 12, Scotiabank maintained a Hold rating on Rogers Communication (NYSE: RCI).

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Based on Rogers Communication’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$5.35 billion and a net profit of C$5.75 billion. In comparison, last year the company earned a revenue of C$5.13 billion and had a net profit of C$526 million

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