Rogers Communications: (RCI:B:TSX) National Bank Financial Raises Target to $79 from $76

Canadian Analyst Ratings for Friday February 2nd 2024

Analyst Ratings Coverage

National Bank Financial (Rank#18) has recently upgraded its target price for Rogers Communications Inc. The analysts have raised their target price from the previous level to CAD 79 from CAD 76.

The “Outperform” rating provided by National Bank Financial suggests a positive outlook on Rogers Communications Inc. This rating implies that the analyst expects the company’s performance to exceed the average performance of similar companies in the industry or the overall market.

RCI-B Stock Forecast & Analysis

According to the stock forecast from 15 analysts, the average analyst target price for Rogers Communications Inc is CAD 72.29 over the next 12 months. This target price reflects the consensus among the analysts regarding the expected value of the stock in the future. It indicates a potential upside from the current stock price.

Rogers Communications Inc’s average analyst rating is Strong Buy, suggesting that the majority of analysts covering the stock have a positive outlook on its prospects. This rating signifies a high level of confidence in the company’s performance and growth potential.

Stock Target Advisor’s  analysis of Rogers Communications Inc is Slightly Bearish. This analysis is based on 5 positive signals and 10 negative signals. While it indicates a somewhat cautious stance, it’s important to note that this analysis may differ from the consensus among other analysts.

At the last closing, Rogers Communications Inc’s stock price was CAD 59.49. Over the past week, the stock has shown a positive change of +2.45%, indicating a short-term upward movement. However, over the past month, the stock has experienced a decline of -3.28%. Looking at the longer term, over the last year, the stock price has decreased by -3.77%.

About Rogers

Rogers Communications Inc. is a leading telecommunications company based in Canada. It is one of the largest providers of wireless communications services, cable television, high-speed internet, and home phone services in the country. Rogers operates under various brands, including Rogers Wireless, Fido, and Rogers Cable.

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