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Barclays Sticks to Their Hold Rating for Rogers Communication (RCI)

Tipranks - Tipranks - Thu Jan 29, 3:44AM CST

Barclays analyst Lauren Bonham maintained a Hold rating on Rogers Communication yesterday and set a price target of $37.00. The company’s shares closed yesterday at C$49.78.

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Bonham covers the Communication Services sector, focusing on stocks such as BCE, Rogers Communication, and Telus. According to TipRanks, Bonham has an average return of -15.1% and a 0.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rogers Communication with a $41.39 average price target, a -16.85% downside from current levels. In a report released on January 12, Scotiabank also maintained a Hold rating on the stock with a C$58.00 price target.

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RCI market cap is currently C$27.07B and has a P/E ratio of 4.00.

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