Rogers Communications (NYSE:RCI – Get Rating) (TSE:RCI.B) had its price target hoisted by analysts at Royal Bank of Canada from C$75.00 to C$77.00 in a research note issued to investors on Thursday, The Fly reports.
A number of other research firms also recently commented on RCI. JPMorgan Chase & Co. boosted their price objective on Rogers Communications from C$78.00 to C$90.00 in a research note on Thursday. Desjardins raised Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, January 28th. BMO Capital Markets boosted their target price on Rogers Communications from C$68.00 to C$72.00 in a research note on Friday, January 28th. Canaccord Genuity Group upped their price target on Rogers Communications from C$65.00 to C$69.00 and gave the stock a “hold” rating in a research note on Thursday, April 14th. Finally, CIBC raised Rogers Communications from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.20.
NYSE:RCI traded down $1.27 during midday trading on Thursday, reaching $59.62. 18,557 shares of the company traded hands, compared to its average volume of 348,789. Rogers Communications has a twelve month low of $44.19 and a twelve month high of $64.55. The firm has a market capitalization of $30.10 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.83 and a beta of 0.47. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.68 and a quick ratio of 0.61. The company has a fifty day moving average price of $54.70 and a 200 day moving average price of $50.18.
Large investors have recently modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of Rogers Communications by 53.7% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 764 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 267 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Rogers Communications in the fourth quarter worth $49,000. Spire Wealth Management grew its stake in shares of Rogers Communications by 89.6% in the fourth quarter. Spire Wealth Management now owns 1,426 shares of the Wireless communications provider’s stock worth $68,000 after purchasing an additional 674 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Rogers Communications by 25.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,544 shares of the Wireless communications provider’s stock valued at $121,000 after acquiring an additional 514 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Rogers Communications by 36.9% during the fourth quarter. Signaturefd LLC now owns 3,558 shares of the Wireless communications provider’s stock valued at $169,000 after acquiring an additional 959 shares during the last quarter. Institutional investors own 42.50% of the company’s stock.
About Rogers Communications (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)
- NextEra Energy Offers a Long-Term Gain if You Can Tolerate Short-Term Pain
- Steel Dynamics Scales New Heights On Record Results
- Tesla (NASDAQ: TSLA) Stock Hits Four Figures Once Again
- The Institutions Are Driving Knight-Swift Transportation
- 3 Legendary Low-Beta Stocks Set to Outperform
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.