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

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $36.00.

RCI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. TD Cowen reissued a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. TD Securities reaffirmed a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Barclays reiterated a “positive” rating and set a $37.00 target price on shares of Rogers Communication in a research report on Tuesday, January 27th. Finally, Morgan Stanley restated an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC bought a new stake in Rogers Communication in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC raised its holdings in Rogers Communication by 107.4% in the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 407 shares during the period. Headlands Technologies LLC boosted its position in shares of Rogers Communication by 143.2% during the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 978 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Rogers Communication in the 3rd quarter valued at $58,000. Finally, Advisory Services Network LLC acquired a new position in shares of Rogers Communication in the 3rd quarter valued at $63,000. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Stock Up 0.3%

NYSE RCI opened at $38.84 on Tuesday. The stock has a fifty day moving average of $37.92 and a 200-day moving average of $37.34. The stock has a market capitalization of $20.98 billion, a P/E ratio of 4.20, a price-to-earnings-growth ratio of 5.12 and a beta of 0.74. Rogers Communication has a 52 week low of $23.18 and a 52 week high of $41.14. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.57 and a current ratio of 0.61.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results 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. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $5.94 billion. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share. On average, equities research analysts forecast that Rogers Communication will post 3.57 EPS for the current year.

Rogers Communication Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, March 10th. Rogers Communication’s payout ratio is presently 15.78%.

Rogers Communication Company Profile

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.