Rogers Communications Inc. (NYSE:RCI) Given Average Recommendation of "Hold" by Analysts

Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B has earned an average recommendation of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $61.75.

A number of research analysts have recently commented on RCI shares. TD Securities upped their price target on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. 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. Finally, BMO Capital Markets raised their price objective on Rogers Communications from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC bought a new position in shares of Rogers Communications during the 3rd quarter worth approximately $31,000. Ridgewood Investments LLC acquired a new position in shares of Rogers Communications during the second quarter worth $37,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rogers Communications by 110.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 522 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Rogers Communications by 41.0% in the 3rd quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock worth $42,000 after purchasing an additional 302 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Rogers Communications during the 2nd quarter worth $55,000. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Communications Trading Up 1.2 %

Shares of RCI stock traded up $0.36 during trading hours on Friday, reaching $30.75. 1,676,617 shares of the stock were exchanged, compared to its average volume of 821,721. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. Rogers Communications has a 12-month low of $30.24 and a 12-month high of $48.19. The company's 50-day moving average price is $35.82 and its 200-day moving average price is $37.80. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.35. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The firm had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $3.79 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts anticipate that Rogers Communications will post 3.56 earnings per share for the current year.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.3611 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.70%. Rogers Communications's dividend payout ratio is currently 71.71%.

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.