Barclays PLC Has $5.91 Million Holdings in Rogers Communications Inc. (NYSE:RCI)

Barclays PLC lowered its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 26.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,027 shares of the Wireless communications provider's stock after selling 53,462 shares during the quarter. Barclays PLC's holdings in Rogers Communications were worth $5,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RCI. Public Employees Retirement System of Ohio acquired a new stake in shares of Rogers Communications in the third quarter worth $2,559,000. Y Intercept Hong Kong Ltd bought a new position in Rogers Communications in the 3rd quarter worth $206,000. Orion Portfolio Solutions LLC lifted its position in Rogers Communications by 97.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 57,709 shares of the Wireless communications provider's stock worth $2,320,000 after acquiring an additional 28,496 shares during the last quarter. National Bank of Canada FI boosted its holdings in Rogers Communications by 18.6% during the third quarter. National Bank of Canada FI now owns 6,239,553 shares of the Wireless communications provider's stock valued at $250,886,000 after acquiring an additional 977,924 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Rogers Communications by 96.8% in the third quarter. Wellington Management Group LLP now owns 22,198 shares of the Wireless communications provider's stock valued at $894,000 after purchasing an additional 10,917 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. TD Securities boosted their price objective on Rogers Communications from $73.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. BMO Capital Markets upped their price target on Rogers Communications from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. Finally, Morgan Stanley assumed coverage on shares of Rogers Communications in a research note on Monday. They issued an "underweight" rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.75.

Rogers Communications Stock Performance

Rogers Communications stock traded up $0.36 during trading hours on Friday, hitting $30.75. The stock had a trading volume of 1,676,617 shares, compared to its average volume of 821,721. The company has a 50-day moving average of $35.82 and a two-hundred day moving average of $37.82. 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 Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $48.19. The company has a market cap of $16.43 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.35. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the company posted $0.95 earnings per share. Rogers Communications's revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Rogers Communications Inc. will post 3.56 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Monday, December 9th. Rogers Communications's payout ratio is 71.71%.

About Rogers Communications

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.