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

Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B has received a consensus rating of "Hold" from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $61.75.

A number of research firms have recently issued reports on RCI. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Morgan Stanley started coverage on shares of Rogers Communications in a report on Monday, December 16th. They issued an "underweight" rating for the company. Finally, Barclays reissued an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st.

Rogers Communications Price Performance

Shares of NYSE:RCI traded up $0.02 during trading on Friday, reaching $28.38. The stock had a trading volume of 1,398,777 shares, compared to its average volume of 860,022. Rogers Communications has a 52 week low of $26.57 and a 52 week high of $44.38. The business's 50-day moving average price is $28.57 and its 200 day moving average price is $34.23. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market capitalization of $15.17 billion, a PE ratio of 12.23, a P/E/G ratio of 1.43 and a beta of 0.67.

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Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its 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 net margin of 8.40% and a return on equity of 25.19%. As a group, equities analysts predict that Rogers Communications will post 3.57 earnings per share for the current year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th will be issued a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Monday, March 10th. Rogers Communications's dividend payout ratio is presently 59.48%.

Institutional Trading of Rogers Communications

Institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in shares of Rogers Communications by 95.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after buying an additional 744 shares during the period. Jones Financial Companies Lllp lifted its position in Rogers Communications by 141.4% during the 4th 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. Headlands Technologies LLC lifted its position in Rogers Communications by 274.2% during the 4th 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 in the last quarter. V Square Quantitative Management LLC lifted its position in 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 worth $178,000 after buying an additional 930 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Rogers Communications in the 3rd quarter valued at about $206,000. 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.