Canaccord Genuity Issues a Buy Rating on Rogers Comm Cl A

By Carrie Williams

Today, an analyst has provided a rating update for the Technology company, Rogers Comm Cl A (TSX: RCI.A). Analyst Aravinda Galappatthige from Canaccord Genuity rated Rogers Comm Cl A (TSX: RCI.A) a Buy, setting a C$71 price target.

According to TipRanks.com, Galappatthige is a 1-star analyst with an average return of -0.9% and a 57.4% success rate. Galappatthige covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and Corus Entertainment.

Currently, the analyst consensus on Rogers Comm Cl A is Strong Buy and the average price target is C$71.70, representing an 8.6% upside.

In a report issued on November 28, Scotiabank also maintained a Buy rating on the stock with a C$75 price target.

Rogers Comm Cl A’s market cap is currently C$33.76B and has a P/E ratio of 26.4.

Rogers Communications, Inc. engages in the provision of wireless communications services. It operates its business through the following segments: Wireless, Cable, Business Solutions, and Media.

The company’s shares closed on Wednesday at C$66.