Rogers Communication, Inc. (NYSE:RCI) Receives Consensus Rating of “Hold” from Brokerages

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $36.00.

A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research report on Friday, December 26th. Scotiabank reaffirmed a “sector perform” rating on shares of Rogers Communication in a research note on Monday, January 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, January 13th. Wall Street Zen lowered shares of Rogers Communication from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Barclays reaffirmed a “positive” rating and issued a $37.00 price objective on shares of Rogers Communication in a research note on Tuesday, January 27th.

Rogers Communication Trading Down 0.2%

NYSE:RCI opened at $38.23 on Friday. The business has a 50 day simple moving average of $37.10 and a 200 day simple moving average of $36.73. Rogers Communication has a 12-month low of $23.18 and a 12-month high of $40.26. The firm has a market capitalization of $20.65 billion, a P/E ratio of 4.13, a P/E/G ratio of 5.07 and a beta of 0.74. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.61 and a quick ratio of 0.57.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.10. Rogers Communication had a net margin of 32.29% and a return on equity of 14.22%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the firm posted $1.46 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Equities research analysts predict that Rogers Communication will post 3.57 EPS for the current year.

Rogers Communication Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, March 10th. Rogers Communication’s payout ratio is currently 15.46%.

Hedge Funds Weigh In On Rogers Communication

Several institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC bought a new position in shares of Rogers Communication in the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its holdings in Rogers Communication by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 407 shares during the last quarter. Headlands Technologies LLC grew its holdings in Rogers Communication by 143.2% during the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after purchasing an additional 978 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Rogers Communication by 106.2% in the second quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 1,005 shares during the period. Finally, MAI Capital Management lifted its stake in shares of Rogers Communication by 30.5% in the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after buying an additional 458 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.