Rogers Communication, Inc. $RCI Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. decreased its stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,308,495 shares of the Wireless communications provider’s stock after selling 292,836 shares during the period. Beutel Goodman & Co Ltd. owned 1.92% of Rogers Communication worth $305,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers acquired a new stake in Rogers Communication in the first quarter worth $244,000. Natixis Advisors LLC grew its position in shares of Rogers Communication by 71.9% during the first quarter. Natixis Advisors LLC now owns 28,112 shares of the Wireless communications provider’s stock worth $751,000 after acquiring an additional 11,762 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Rogers Communication by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 16,447 shares of the Wireless communications provider’s stock worth $440,000 after acquiring an additional 2,253 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of Rogers Communication in the 1st quarter worth about $236,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Rogers Communication by 79.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 376,794 shares of the Wireless communications provider’s stock valued at $10,061,000 after purchasing an additional 166,661 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research report on Monday, October 20th. Barclays boosted 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, November 10th. Cowen restated a “buy” rating on shares of Rogers Communication in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a research report on Wednesday, October 8th. Three investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Price Performance

Shares of NYSE RCI opened at $37.55 on Friday. Rogers Communication, Inc. has a twelve month low of $23.18 and a twelve month high of $40.26. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 1.55. The firm has a 50-day moving average of $37.59 and a two-hundred day moving average of $33.96. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 4.17, a PEG ratio of 3.50 and a beta of 0.74.

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

Rogers Communication Profile

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.