Shares of Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B have been given an average rating of "Hold" by the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $61.75.
RCI has been the subject of a number of analyst reports. Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Morgan Stanley began coverage on shares of Rogers Communications in a report on Monday, December 16th. They set an "underweight" rating for the company. Finally, Bank of America downgraded shares of Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th.
Get Our Latest Stock Report on RCI
Rogers Communications Stock Performance
Shares of NYSE:RCI traded up $0.53 during midday trading on Monday, hitting $28.27. The company had a trading volume of 741,873 shares, compared to its average volume of 1,189,213. 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 company has a market cap of $15.11 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.37 and a beta of 0.68. Rogers Communications has a 12-month low of $26.57 and a 12-month high of $45.93. The company has a fifty day moving average of $30.03 and a two-hundred day moving average of $35.55.
Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly 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 return on equity of 25.19% and a net margin of 8.40%. On average, equities research analysts expect that Rogers Communications will post 3.58 EPS for the current fiscal year.
Rogers Communications Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 10th will be issued a $0.347 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, March 10th. Rogers Communications's payout ratio is 60.78%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Rogers Communications by 371.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,053,559 shares of the Wireless communications provider's stock valued at $203,334,000 after acquiring an additional 3,980,525 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Rogers Communications by 106.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider's stock worth $5,383,000 after purchasing an additional 68,971 shares during the last quarter. Avanza Fonder AB bought a new stake in Rogers Communications in the fourth quarter worth about $718,000. MQS Management LLC bought a new stake in Rogers Communications in the third quarter worth about $726,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Rogers Communications by 1,046.8% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 599,476 shares of the Wireless communications provider's stock worth $24,101,000 after purchasing an additional 547,201 shares during the last quarter. Institutional investors own 45.49% of the company's stock.
Rogers Communications Company Profile
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Get Free ReportRogers 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.
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