Rogers Communications Inc. (NYSE:RCI) Receives Average Rating of "Hold" from Analysts

Shares of Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B have received a consensus rating of "Hold" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $61.75.

Several brokerages have weighed in on RCI. Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday. Bank of America lowered Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley initiated coverage on shares of Rogers Communications in a research note on Monday, December 16th. They set an "underweight" rating for the company.

Rogers Communications Price Performance

Shares of RCI traded up $0.77 during trading hours on Tuesday, reaching $26.06. 2,025,830 shares of the company traded hands, compared to its average volume of 1,128,307. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $13.97 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Rogers Communications has a fifty-two week low of $24.76 and a fifty-two week high of $41.84. The stock has a fifty day simple moving average of $27.82 and a 200 day simple moving average of $32.58.

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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, topping the consensus estimate 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, research analysts predict that Rogers Communications will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were given a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications's dividend payout ratio (DPR) is presently 59.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RCI. FIL Ltd lifted its holdings in shares of Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Rogers Communications by 20.6% in the fourth quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock worth $237,784,000 after buying an additional 1,320,200 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Rogers Communications by 123.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after buying an additional 3,717,487 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Rogers Communications by 18.6% during the 3rd 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 buying an additional 977,924 shares during the period. Finally, Letko Brosseau & Associates Inc. lifted its position in Rogers Communications by 23.5% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider's stock worth $160,094,000 after acquiring an additional 992,780 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

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.