Canaccord Genuity analyst Aravinda Galappatthige maintained a Buy rating on Rogers (NYSE:ROG) Communication on Sunday, setting a price target of C$60, which is approximately 4.68% above the present share price of $42.17.
Galappatthige expects Rogers Communication to post earnings per share (EPS) of $0.70 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Rogers Communication, with an average price target of $47.82.
The analysts price targets range from a high of $51.5 to a low of $44.14.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.42 billion and a net profit of $696 million. The company's market cap is $21.29 billion.
According to TipRanks.com, Canaccord Genuity analyst Aravinda Galappatthige is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.1% and a 54.42% success rate.
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 Wireless segment refers to wireless communications operations carried on by Rogers Communication Partnership, which provides retail and business voice and data wireless communications services. The Cable segment provides telecommunications operations, including Internet, television, and telephony services to consu mers and businesses. The Business Solutions segment offers network connectivity through fibre network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services for the enterprise, public sector, and carrier. The Media segment comprises of diversified portfolio of media properties, such as sports media and entertainment, television and radio broadcasting, specialty channels, multi-platform shopping, digital media, and publishing. The company was founded by Edward Samuel Rogers, Jr. in 1960 and is headquartered in Toronto, Canada.