Stocks

Rogers Communications RCI Receives Sell Rating from StockNews.com Analysts

Published June 16, 2024

In a recent development, investment analysts at StockNews.com have adjusted their rating for Rogers Communications Inc. RCI, a renowned communications and media company in Canada, from a 'hold' to a 'sell'. This change in rating was published in a report disseminated on Saturday and could have significant implications for investors and traders alike.

Impact on Rogers Communications Stock

The downgrade to 'sell' suggests that StockNews.com's analysts foresee potential downside to the current market value of Rogers Communications shares, which are listed not only on the New York Stock Exchange under the ticker RCI but also on the Toronto Stock Exchange as RCI.B. The new rating is likely to attract the attention of current shareholders and potential investors who monitor analyst recommendations as part of their investment decision-making process.

About Rogers Communications

Rogers Communications Inc. holds a distinguished position as a communications and media entity headquartered in Toronto, Canada. With a wide range of services and products, the company has established a strong presence in the Canadian marketplace.

While Rogers Communications faces the new rating from StockNews.com, it operates in a highly competitive industry alongside various other players, such as Quebecor Inc. under the ticker QUBHF. As market dynamics shift, investors continuously watch these companies for performance indications that might influence their investment strategies.

Rogers, Downgrade, Analysis