Bank of Nova Scotia Has $245.49 Million Stock Position in Rogers Communication, Inc. $RCI

Bank of Nova Scotia boosted its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,279,443 shares of the Wireless communications provider’s stock after acquiring an additional 280,536 shares during the period. Bank of Nova Scotia owned 1.54% of Rogers Communication worth $245,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RCI. Burgundy Asset Management Ltd. lifted its holdings in shares of Rogers Communication by 18.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,172,546 shares of the Wireless communications provider’s stock worth $123,528,000 after purchasing an additional 662,594 shares in the last quarter. Cerity Partners LLC increased its stake in Rogers Communication by 7.0% during the 2nd quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 724 shares in the last quarter. Gabelli Funds LLC raised its holdings in Rogers Communication by 4.1% during the second quarter. Gabelli Funds LLC now owns 1,260,100 shares of the Wireless communications provider’s stock worth $37,375,000 after buying an additional 50,000 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Rogers Communication by 3.8% in the second quarter. Gamco Investors INC. ET AL now owns 469,127 shares of the Wireless communications provider’s stock valued at $13,914,000 after buying an additional 17,000 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Rogers Communication by 36.5% during the second quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider’s stock valued at $1,103,000 after buying an additional 9,951 shares during the last quarter. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Trading Up 0.1%

Shares of Rogers Communication stock opened at $37.58 on Monday. The firm has a market cap of $20.30 billion, a PE ratio of 4.18, a P/E/G ratio of 3.47 and a beta of 0.74. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $40.26. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.62 and a quick ratio of 0.59. The stock has a fifty day moving average price of $37.63 and a 200-day moving average price of $34.16.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RCI shares. Weiss Ratings reissued a “hold (c)” rating on shares of Rogers Communication in a research report on Wednesday, October 8th. Scotiabank reissued a “sector perform” rating on shares of Rogers Communication in a report on Monday, October 20th. Cowen reissued a “buy” rating on shares of Rogers Communication in a research note on Monday, December 1st. Finally, Barclays lifted their target price on Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Company 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.