Rogers Communications (NYSE:RCI) Upgraded at Canaccord Genuity Group

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B was upgraded by analysts at Canaccord Genuity Group from a "hold" rating to a "buy" rating in a note issued to investors on Friday, MarketBeat.com reports.

RCI has been the subject of a number of other reports. Scotiabank cut shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Finally, Morgan Stanley initiated coverage on Rogers Communications in a research note on Monday, December 16th. They set an "underweight" rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.75.

Rogers Communications Stock Performance

RCI traded up $0.32 during trading on Friday, hitting $24.24. 2,344,136 shares of the stock were exchanged, compared to its average volume of 999,952. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. Rogers Communications has a 1-year low of $23.34 and a 1-year high of $41.84. The stock has a fifty day moving average price of $27.44 and a two-hundred day moving average price of $32.04. The firm has a market capitalization of $13.00 billion, a P/E ratio of 10.45, a PEG ratio of 1.43 and a beta of 0.67.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. As a group, sell-side analysts predict that Rogers Communications will post 3.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC boosted its position in shares of Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after purchasing an additional 744 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after buying an additional 1,052 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Rogers Communications during the first quarter worth about $79,000. Headlands Technologies LLC grew its position in Rogers Communications by 274.2% during the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock worth $163,000 after buying an additional 3,888 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in Rogers Communications by 19.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock valued at $178,000 after buying an additional 930 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

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.