Massachusetts Financial Services Co. MA Purchases 17,666 Shares of Rogers Communications Inc. (NYSE:RCI)

Massachusetts Financial Services Co. MA boosted its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,914,155 shares of the Wireless communications provider's stock after buying an additional 17,666 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.55% of Rogers Communications worth $89,552,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Lindbrook Capital LLC lifted its holdings in Rogers Communications by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after acquiring an additional 744 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of 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 valued at $55,000 after buying an additional 1,052 shares during the period. Headlands Technologies LLC boosted its holdings in shares of 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 purchasing an additional 3,888 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Rogers Communications by 19.1% during the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock valued at $178,000 after acquiring an additional 930 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Rogers Communications in the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 45.49% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on RCI shares. Barclays restated an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Scotiabank lowered Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Morgan Stanley initiated coverage on Rogers Communications in a report on Monday, December 16th. They set an "underweight" rating for the company. Bank of America downgraded shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Finally, Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications currently has a consensus rating of "Hold" and an average price target of $61.75.

Rogers Communications Price Performance

NYSE RCI traded down $0.92 on Thursday, reaching $23.36. The company's stock had a trading volume of 588,454 shares, compared to its average volume of 999,967. The business has a 50-day moving average price of $27.29 and a 200 day moving average price of $31.87. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. Rogers Communications Inc. has a 52 week low of $23.28 and a 52 week high of $41.84. The firm has a market cap of $12.53 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

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

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th were given a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications's dividend payout ratio is 59.48%.

Rogers Communications 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.