Analysts Set Rogers Communications Inc. (NYSE:RCI) Target Price at $72.00

Rogers Communications Inc. (NYSE:RCIGet Free Report) (TSE:RCI.B) has been assigned an average rating of “Moderate Buy” from the four ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $72.00.

A number of equities research analysts have issued reports on RCI shares. Royal Bank of Canada raised Rogers Communications from a “sector perform” rating to an “outperform” rating in a research report on Friday. TheStreet downgraded Rogers Communications from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. Finally, StockNews.com downgraded Rogers Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th.

View Our Latest Report on RCI

Institutional Investors Weigh In On Rogers Communications

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in shares of Rogers Communications in the second quarter worth about $27,000. Ridgewood Investments LLC acquired a new position in shares of Rogers Communications in the first quarter worth about $28,000. Fifth Third Bancorp lifted its stake in shares of Rogers Communications by 1,059.4% in the first quarter. Fifth Third Bancorp now owns 800 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 731 shares in the last quarter. ING Groep NV acquired a new position in shares of Rogers Communications in the first quarter worth about $50,000. Finally, CVA Family Office LLC acquired a new position in shares of Rogers Communications in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 44.25% of the company’s stock.

Rogers Communications Price Performance

Shares of NYSE:RCI opened at $41.61 on Friday. The company has a market cap of $21.01 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.28 and a beta of 0.52. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 3.32. Rogers Communications has a 52 week low of $36.23 and a 52 week high of $50.16. The business has a fifty day simple moving average of $42.01 and a 200-day simple moving average of $44.92.

Rogers Communications (NYSE:RCIGet Free Report) (TSE:RCI.B) last posted its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Rogers Communications had a net margin of 8.92% and a return on equity of 19.81%. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Equities research analysts forecast that Rogers Communications will post 3.2 EPS for the current year.

Rogers Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.377 dividend. This is an increase from Rogers Communications’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.51 annualized dividend and a dividend yield of 3.62%. Rogers Communications’s dividend payout ratio is presently 68.20%.

Rogers Communications Company Profile

(Get Free Report

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.

Recommended Stories

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.