Aviva PLC Buys 15,753 Shares of Rogers Communication, Inc. $RCI

Aviva PLC boosted its stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 253,736 shares of the Wireless communications provider’s stock after purchasing an additional 15,753 shares during the quarter. Aviva PLC’s holdings in Rogers Communication were worth $7,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Rogers Communication by 64.6% in the first quarter. Bank of New York Mellon Corp now owns 532,722 shares of the Wireless communications provider’s stock worth $14,240,000 after buying an additional 209,089 shares in the last quarter. M&T Bank Corp increased its holdings in Rogers Communication by 10.3% during the 1st quarter. M&T Bank Corp now owns 19,739 shares of the Wireless communications provider’s stock worth $527,000 after acquiring an additional 1,846 shares during the period. Cerity Partners LLC purchased a new stake in Rogers Communication in the 1st quarter worth approximately $275,000. CWM LLC boosted its holdings in Rogers Communication by 57.4% in the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider’s stock valued at $100,000 after purchasing an additional 1,363 shares during the period. Finally, Signaturefd LLC grew its position in shares of Rogers Communication by 45.5% during the 1st quarter. Signaturefd LLC now owns 15,281 shares of the Wireless communications provider’s stock valued at $408,000 after purchasing an additional 4,778 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Analyst Ratings Changes

RCI has been the topic of a number of recent analyst reports. Barclays increased their price objective on Rogers Communication from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday. Cowen restated a “buy” rating on shares of Rogers Communication in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a research report on Wednesday, October 8th. Finally, Scotiabank reissued a “sector perform” rating on shares of Rogers Communication in a report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.00.

Rogers Communication Stock Performance

Shares of NYSE RCI opened at $38.39 on Thursday. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 4.27, a P/E/G ratio of 3.29 and a beta of 0.81. The stock’s 50-day moving average is $36.64 and its 200 day moving average is $32.57. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 1.55. Rogers Communication, Inc. has a 1-year low of $23.18 and a 1-year high of $40.26.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Rogers Communication had a net margin of 32.49% and a return on equity of 17.14%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $1.42 earnings per share. On average, sell-side analysts anticipate that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

About Rogers Communication

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.