Rogers Communications Inc. (RCI.B) Hits New 1-Year High at $66.42

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$66.42 and last traded at C$66.13, with a volume of shares changing hands.

RCI.B has been the subject of several research reports. CIBC upped their price target on shares of Rogers Communications from C$62.00 to C$65.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. BMO Capital Markets upped their price objective on shares of Rogers Communications from C$67.00 to C$70.00 in a research report on Friday, July 21st. Barclays PLC upped their price objective on shares of Rogers Communications from C$63.00 to C$70.00 in a research report on Friday, July 21st. J P Morgan Chase & Co upped their price objective on shares of Rogers Communications from C$62.00 to C$69.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Finally, Scotiabank upped their price objective on shares of Rogers Communications from C$70.00 to C$71.50 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Rogers Communications has an average rating of “Buy” and an average target price of C$64.92.

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About Rogers Communications

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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