Rogers Communications (NYSE:RCI – Get Rating) (TSE:RCI.B) had its target price lifted by equities researchers at BMO Capital Markets from C$76.00 to C$80.00 in a research note issued to investors on Thursday, The Fly reports.
RCI has been the topic of several other reports. Scotiabank lifted their target price on shares of Rogers Communications from C$87.00 to C$89.00 in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Rogers Communications from C$78.00 to C$90.00 in a research report on Thursday. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, January 28th. CIBC raised shares of Rogers Communications from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 25th. Finally, Canaccord Genuity Group boosted their price objective on shares of Rogers Communications from C$65.00 to C$69.00 and gave the company a “hold” rating in a research report on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $76.20.
Shares of RCI stock traded down $1.27 during trading hours on Thursday, hitting $59.62. 18,557 shares of the company’s stock were exchanged, compared to its average volume of 348,789. The company has a market capitalization of $30.10 billion, a PE ratio of 24.63, a PEG ratio of 2.83 and a beta of 0.47. Rogers Communications has a 12-month low of $44.19 and a 12-month high of $64.55. The business’s 50 day simple moving average is $54.70 and its 200-day simple moving average is $50.18. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.63.
Several hedge funds have recently made changes to their positions in RCI. Norges Bank bought a new position in Rogers Communications in the 4th quarter worth about $168,909,000. BlackRock Inc. boosted its stake in Rogers Communications by 551.2% in the 3rd quarter. BlackRock Inc. now owns 2,889,978 shares of the Wireless communications provider’s stock worth $134,790,000 after purchasing an additional 2,446,191 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Rogers Communications by 20.4% in the 4th quarter. 1832 Asset Management L.P. now owns 9,028,468 shares of the Wireless communications provider’s stock worth $429,508,000 after purchasing an additional 1,531,445 shares in the last quarter. National Bank of Canada FI bought a new position in Rogers Communications in the 4th quarter worth about $67,140,000. Finally, Toronto Dominion Bank boosted its stake in Rogers Communications by 21.0% in the 3rd quarter. Toronto Dominion Bank now owns 5,980,742 shares of the Wireless communications provider’s stock worth $303,850,000 after purchasing an additional 1,036,408 shares in the last quarter. Hedge funds and other institutional investors own 42.50% of the company’s stock.
Rogers Communications Company Profile (Get Rating)
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 and accessory financing, wireless home phone, device protection, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 11.3 million subscribers.
- Get a free copy of the StockNews.com research report on Rogers Communications (RCI)
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