Canaccord Genuity Thinks Rogers Comm Cl A’s Stock is Going to Recover

By Jason Carr

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 reiterated a Buy rating, with a C$66 price target.

According to TipRanks.com, Galappatthige is a 1-star analyst with an average return of -2.0% and a 52.9% success rate. Galappatthige covers the Services sector, focusing on stocks such as Shaw Communications Inc, Thomson Reuters Corp, and IMAX Corp.

Rogers Comm Cl A has an analyst consensus of Moderate Buy, with a price target consensus of C$66.

Rogers Comm Cl A’s market cap is currently C$29.87B and has a P/E ratio of 18.1.

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 Monday at C$58.02, close to its 52-week low of C$56.