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Rogers Communications Inc. Class B Non-voting Shares (RCI.B)
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Rogers Communications Inc. Class A Shares (RCI.A)
Q: Why has rogers stock price increased lately
5i Research Answer:
RCI.B is down 2% YTD and down 10% over one year. It has bounced nicely in the past three weeks, on news of the closing of the acquisition of Maple Leaf Sports, plus a BMO price target hike from $55 to $57. The stock also closed above its 200-day moving average recently, which likely brought out some technical buyers.