18,066 Shares in Rogers Communications Inc. (NYSE:RCI) Purchased by MQS Management LLC

MQS Management LLC acquired a new position in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,066 shares of the Wireless communications provider's stock, valued at approximately $726,000.

Other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. boosted its position in Rogers Communications by 2.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 11,501,927 shares of the Wireless communications provider's stock worth $425,341,000 after acquiring an additional 288,614 shares during the period. Mackenzie Financial Corp lifted its position in shares of Rogers Communications by 10.2% in the second quarter. Mackenzie Financial Corp now owns 10,563,054 shares of the Wireless communications provider's stock worth $390,738,000 after purchasing an additional 974,937 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Rogers Communications by 53.9% during the second quarter. Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider's stock worth $233,099,000 after purchasing an additional 2,206,690 shares during the period. National Bank of Canada FI boosted its holdings in shares of Rogers Communications by 37.5% during the first quarter. National Bank of Canada FI now owns 5,570,690 shares of the Wireless communications provider's stock worth $220,193,000 after purchasing an additional 1,519,894 shares during the period. Finally, Letko Brosseau & Associates Inc. grew its position in Rogers Communications by 1.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 4,004,074 shares of the Wireless communications provider's stock valued at $148,066,000 after purchasing an additional 57,245 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RCI has been the subject of a number of research reports. Canaccord Genuity Group lowered shares of Rogers Communications from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. TD Securities increased their price objective on Rogers Communications from $73.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. BMO Capital Markets upped their target price on Rogers Communications from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $57.00 price target (down from $59.00) on shares of Rogers Communications in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Rogers Communications has a consensus rating of "Moderate Buy" and a consensus target price of $61.75.

Rogers Communications Stock Up 0.5 %

Shares of NYSE:RCI traded up $0.19 on Wednesday, reaching $35.98. The company had a trading volume of 553,054 shares, compared to its average volume of 765,749. The stock has a market capitalization of $19.17 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.11 and a beta of 0.69. The stock has a 50-day moving average price of $38.78 and a 200 day moving average price of $38.70. Rogers Communications Inc. has a twelve month low of $35.17 and a twelve month high of $48.19. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.35. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $3.79 billion. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The firm's revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. On average, equities analysts expect that Rogers Communications Inc. will post 3.55 EPS for the current year.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a dividend of $0.3611 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, December 9th. Rogers Communications's dividend payout ratio is currently 72.20%.

Rogers Communications 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.