Rogers Communications (NYSE:RCI – Get Free Report) (TSE:RCI.B) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Friday, Marketbeat reports.
Other research analysts also recently issued reports about the company. TheStreet downgraded Rogers Communications from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. StockNews.com downgraded Rogers Communications from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Rogers Communications has a consensus rating of “Hold” and a consensus target price of $73.63.
Rogers Communications Trading Up 0.4 %
Rogers Communications (NYSE:RCI – Get Free Report) (TSE:RCI.B) last announced its earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.82 billion. Rogers Communications had a return on equity of 19.81% and a net margin of 8.92%. As a group, sell-side analysts predict that Rogers Communications will post 3.2 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Rogers Communications during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new position in Rogers Communications during the 1st quarter worth approximately $28,000. Fifth Third Bancorp raised its stake in Rogers Communications by 1,059.4% during the 1st quarter. Fifth Third Bancorp now owns 800 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 731 shares during the period. ING Groep NV acquired a new position in Rogers Communications during the 1st quarter worth approximately $50,000. Finally, CVA Family Office LLC acquired a new position in Rogers Communications during the 4th quarter worth approximately $52,000. 44.25% of the stock is owned by institutional investors and hedge funds.
Rogers Communications Company Profile
Rogers Communications Inc operates as a communications and media company in North America. 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 services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.
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