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

Shares of Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B have been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $61.75.

Several analysts have commented on the company. BMO Capital Markets raised their price objective on Rogers Communications from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Bank of America lowered Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday. Morgan Stanley assumed coverage on shares of Rogers Communications in a report on Monday, December 16th. They issued an "underweight" rating for the company. Finally, TD Securities upped their price objective on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th.

Rogers Communications Stock Performance

Shares of RCI traded down $0.01 during trading hours on Thursday, hitting $28.45. The stock had a trading volume of 626,484 shares, compared to its average volume of 963,178. The firm has a 50-day moving average price of $33.14 and a 200 day moving average price of $36.82. Rogers Communications has a fifty-two week low of $27.63 and a fifty-two week high of $48.19. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.91 and a beta of 0.69. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.64 and a current ratio of 0.68.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.35. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company's revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that Rogers Communications will post 3.52 EPS for the current year.

Rogers Communications Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given a dividend of $0.3611 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Monday, December 9th. Rogers Communications's payout ratio is 68.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RCI. The Manufacturers Life Insurance Company raised its position in shares of Rogers Communications by 371.0% in the third 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 buying an additional 3,980,525 shares during the last quarter. Toronto Dominion Bank grew its stake in Rogers Communications by 53.9% during the 2nd quarter. Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider's stock valued at $233,099,000 after acquiring an additional 2,206,690 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Rogers Communications by 90.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,896,489 shares of the Wireless communications provider's stock valued at $115,775,000 after acquiring an additional 1,375,043 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Rogers Communications by 86.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,610,833 shares of the Wireless communications provider's stock worth $104,965,000 after purchasing an additional 1,211,482 shares in the last quarter. Finally, National Bank of Canada FI boosted 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 worth $250,886,000 after purchasing an additional 977,924 shares during the last quarter. Hedge funds and other institutional investors 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.