Rogers Communications Inc. Class B (TSE:RCI.B) (NYSE:RCI) had its target price lifted by National Bank Financial from C$68.00 to C$69.00 in a report issued on Friday morning. The brokerage currently has a sector perform rating on the stock.
Several other brokerages have also recently commented on RCI.B. CIBC increased their price target on Rogers Communications Inc. Class B from C$67.00 to C$70.00 in a research report on Friday. Barclays increased their price target on Rogers Communications Inc. Class B from C$68.00 to C$70.00 in a research report on Friday. Canaccord Genuity increased their price target on Rogers Communications Inc. Class B from C$66.00 to C$69.00 in a research report on Monday, April 23rd. Royal Bank of Canada increased their price target on Rogers Communications Inc. Class B from C$67.00 to C$68.00 and gave the company a sector perform rating in a research report on Friday, April 20th. Finally, JPMorgan Chase & Co. increased their price target on Rogers Communications Inc. Class B from C$67.00 to C$72.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$70.38.
Get Rogers Communications Inc. Class B alerts:TSE RCI.B traded down C$1.16 during trading hours on Friday, hitting C$65.90. 1,092,822 shares of the company traded hands, compared to its average volume of 906,109. Rogers Communications Inc. Class B has a twelve month low of C$55.67 and a twelve month high of C$70.08.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 3rd. Shareholders of record on Tuesday, July 3rd were paid a $0.48 dividend. The ex-dividend date was Friday, June 8th. This represents a $1.92 annualized dividend and a yield of 2.91%.
About Rogers Communications Inc. Class B
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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