Rogers Communications Inc. Class B (TSE:RCI.B) (NYSE:RCI) had its price target boosted by investment analysts at Morgan Stanley from C$65.00 to C$69.00 in a research note issued to investors on Friday. Morgan Stanley’s price objective points to a potential upside of 1.86% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. National Bank Financial boosted their price target on Rogers Communications Inc. Class B from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Friday, July 20th. Royal Bank of Canada boosted their price target on Rogers Communications Inc. Class B from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Friday, July 20th. BMO Capital Markets set a C$75.00 price target on Rogers Communications Inc. Class B and gave the company an “outperform” rating in a research note on Friday, July 20th. TD Securities boosted their price target on Rogers Communications Inc. Class B from C$74.00 to C$78.00 and gave the company an “action list buy” rating in a research note on Friday, July 20th. Finally, Barclays boosted their price target on Rogers Communications Inc. Class B from C$68.00 to C$70.00 in a research note on Friday, July 20th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$70.69.

TSE:RCI.B traded down C$0.05 during mid-day trading on Friday, reaching C$67.74. The company’s stock had a trading volume of 325,064 shares, compared to its average volume of 906,109. Rogers Communications Inc. Class B has a 12-month low of C$55.67 and a 12-month high of C$70.08.

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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