Rogers Communications Inc. (NYSE:RCI) Receives Consensus Rating of "Hold" from Brokerages

Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B has been given a consensus rating of "Hold" by the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $61.75.

Several research firms recently weighed in on RCI. Morgan Stanley initiated coverage on shares of Rogers Communications in a research report on Monday, December 16th. They issued an "underweight" rating for the company. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th.

Rogers Communications Price Performance

RCI stock traded down $0.30 during trading on Thursday, hitting $28.19. 773,024 shares of the stock traded hands, compared to its average volume of 992,225. Rogers Communications has a one year low of $27.63 and a one year high of $48.19. The company has a 50 day simple moving average of $32.81 and a 200 day simple moving average of $36.71. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.91 and a beta of 0.69.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings results 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 firm had revenue of $5.13 billion during the quarter, compared to analysts' expectations 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 was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Equities analysts expect that Rogers Communications will post 3.52 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a $0.3611 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 5.12%. Rogers Communications's dividend payout ratio (DPR) is presently 68.78%.

Institutional Investors Weigh In On Rogers Communications

A number of institutional investors have recently modified their holdings of RCI. Grove Bank & Trust grew its stake in Rogers Communications by 41.0% during the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock worth $42,000 after buying an additional 302 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Rogers Communications by 1.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider's stock worth $725,000 after purchasing an additional 379 shares during the last quarter. Creative Planning boosted its position in Rogers Communications by 2.2% during the 3rd quarter. Creative Planning now owns 22,282 shares of the Wireless communications provider's stock worth $896,000 after buying an additional 486 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Rogers Communications by 110.1% in the second 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. Finally, Verition Fund Management LLC grew its position in shares of Rogers Communications by 7.9% in the 3rd quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock valued at $301,000 after buying an additional 551 shares during the last quarter. Institutional investors own 45.49% of the company's stock.

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.