Rogers Communications Inc. (NYSE:RCI) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 107.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 37,436 shares of the Wireless communications provider's stock after acquiring an additional 19,378 shares during the quarter. BNP Paribas Financial Markets' holdings in Rogers Communications were worth $1,505,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RCI. Grove Bank & Trust raised its position in shares of Rogers Communications by 41.0% in the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock worth $42,000 after acquiring an additional 302 shares during the period. Creative Planning grew its position in shares of Rogers Communications by 2.2% in the third quarter. Creative Planning now owns 22,282 shares of the Wireless communications provider's stock valued at $896,000 after purchasing an additional 486 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Rogers Communications by 110.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 522 shares during the last quarter. Signaturefd LLC boosted its holdings in Rogers Communications by 11.1% in the 3rd quarter. Signaturefd LLC now owns 6,627 shares of the Wireless communications provider's stock worth $266,000 after buying an additional 664 shares during the last quarter. Finally, Cromwell Holdings LLC acquired a new position in shares of Rogers Communications during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.49% of the company's stock.

Analyst Upgrades and Downgrades

RCI has been the subject of several research reports. BMO Capital Markets boosted their price target on Rogers Communications from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. TD Securities upped their price target on Rogers Communications from $73.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $61.75.

Rogers Communications Stock Down 1.7 %

Shares of Rogers Communications stock traded down $0.59 during trading hours on Monday, reaching $34.56. 3,858,331 shares of the company were exchanged, compared to its average volume of 785,769. The firm has a market cap of $18.47 billion, a PE ratio of 16.86, a PEG ratio of 1.09 and a beta of 0.67. The stock's fifty day moving average is $36.96 and its 200 day moving average is $38.25. Rogers Communications Inc. has a 1 year low of $34.54 and a 1 year high of $48.19. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.64 and a current ratio of 0.68.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.35. The business had revenue of $5.13 billion during 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 business's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, equities research analysts forecast that Rogers Communications Inc. will post 3.56 earnings per share for the current year.

Rogers Communications Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.3611 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 4.18%. Rogers Communications's dividend payout ratio is presently 72.20%.

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.