Rogers Secures CDN$7 Billion Investment to Strengthen Financial Position

Rogers Comm Cl A ( ($TSE:RCI.A) ) has provided an announcement.

Rogers Communications Inc. has successfully closed a CDN$7 billion equity investment transaction with Blackstone and leading Canadian institutional investors. This investment allows Rogers to repay debt while maintaining full operational control of its wireless network, demonstrating investor confidence and unlocking the value of its assets.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Spark’s Take on TSE:RCI.A Stock

According to Spark, TipRanks’ AI Analyst, TSE:RCI.A is a Outperform.

Rogers Communications demonstrates strong financial health and attractive valuation. The strategic corporate events enhance its future growth prospects, despite moderate technical resistance. The stock is well-positioned for value and income investors.

To see Spark’s full report on TSE:RCI.A stock, click here.

More about Rogers Comm Cl A

Rogers Communications Inc. is Canada’s leading communications and entertainment company, with its shares publicly traded on the Toronto Stock Exchange and the New York Stock Exchange.

Average Trading Volume: 2,662

Technical Sentiment Signal: Sell

Current Market Cap: C$20.75B

See more data about RCI.A stock on TipRanks’ Stock Analysis page.