Canaccord Genuity Believes Rogers Comm Cl A (TSX: RCI.A) Won’t Stop Here

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Technology company, Rogers Comm Cl A (TSX: RCI.A). The company received a Buy rating from Canaccord Genuity’s analyst Aravinda Galappatthige, with a C$66 price target.

According to TipRanks.com, Galappatthige is a 1-star analyst with an average return of -0.5% and a 55.9% success rate. Galappatthige covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and Corus Entertainment.

Rogers Comm Cl A has an analyst consensus of Moderate Buy, with a price target consensus of C$66.08.

The company has a one year high of C$64.05 and a one year low of C$51. Currently, Rogers Comm Cl A has an average volume of 1,067.

Rogers Communications, Inc. is a communications and media company, which engages in providing wireless communications services. The company operates its business through four segments: Wireless, Cable, Business Solutions, and Media.

The company’s shares closed on Friday at C$62.38, close to its 52-week high of C$64.05.