Canaccord Genuity Initiates Rogers Communications With Hold

Analysts at Canaccord Genuity initiated coverage on Rogers Communications Inc. (USA) RCI with a Hold rating. The target price for Rogers Communications is set to $45. Rogers Communications shares have dropped 15.57 percent over the past 52 weeks, while the S&P 500 index has surged 8.07 percent in the same period. Rogers Communications' shares closed at $34.00 on Friday.