By otakuyassine3@gmail.com 
Rogers Communications Inc. (NYSE:RCI – Get Free Report) (TSE:RCI.B) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $61.75.
A number of analysts have issued reports on the company. Scotiabank lowered Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. Canaccord Genuity Group raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Morgan Stanley started coverage on shares of Rogers Communications in a research report on Monday, December 16th. They set an “underweight” rating for the company. Finally, Bank of America downgraded Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th.
Get Our Latest Research Report on Rogers Communications
Rogers Communications Stock Down 0.9 %
Shares of RCI stock opened at $25.85 on Tuesday. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The stock’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $32.37. Rogers Communications has a twelve month low of $24.76 and a twelve month high of $41.84.
Rogers Communications (NYSE:RCI – Get Free Report) (TSE:RCI.B) last posted its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. As a group, research analysts predict that Rogers Communications will post 3.57 EPS for the current year.
Rogers Communications Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th were issued a $0.347 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.37%. Rogers Communications’s payout ratio is presently 59.48%.
Institutional Trading of Rogers Communications
Several institutional investors have recently bought and sold shares of RCI. FIL Ltd lifted its holdings in shares of Rogers Communications by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider’s stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares during the period. Bank of Nova Scotia increased its position in shares of Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider’s stock worth $237,784,000 after purchasing an additional 1,320,200 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Rogers Communications by 123.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider’s stock valued at $206,565,000 after purchasing an additional 3,717,487 shares during the last quarter. National Bank of Canada FI boosted its position in Rogers Communications by 18.6% in the third quarter. National Bank of Canada FI now owns 6,239,553 shares of the Wireless communications provider’s stock valued at $250,886,000 after buying an additional 977,924 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. grew its stake in Rogers Communications by 23.5% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider’s stock worth $160,094,000 after buying an additional 992,780 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.
Rogers Communications Company Profile
Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.
See Also
Receive News & Ratings for Rogers Communications Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Rogers Communications and related companies with MarketBeat.com’s FREE daily email newsletter.