Rogers Communications Inc. (NYSE:RCI) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B have been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $61.75.

Several equities research analysts have recently weighed in on the stock. 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 research report on Thursday, September 19th. BMO Capital Markets boosted their target price on shares of 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cromwell Holdings LLC purchased a new stake in Rogers Communications in the third quarter valued at approximately $31,000. Ridgewood Investments LLC acquired a new stake in shares of Rogers Communications in the second quarter worth $37,000. Northwestern Mutual Wealth Management Co. lifted its position in Rogers Communications by 110.1% during the second 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 period. Grove Bank & Trust boosted its stake in shares of Rogers Communications by 41.0% in the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock worth $42,000 after buying an additional 302 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Rogers Communications in the second quarter valued at approximately $55,000. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communications Trading Up 0.8 %

RCI traded up $0.27 on Wednesday, reaching $35.66. 265,049 shares of the company traded hands, compared to its average volume of 764,341. The company has a market cap of $19.00 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35. Rogers Communications has a one year low of $34.95 and a one year high of $48.19. The firm has a fifty day simple moving average of $37.78 and a two-hundred day simple moving average of $38.50.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.35. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The company 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 earned $0.95 earnings per share. Rogers Communications's revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Rogers Communications will post 3.56 earnings per share for the current year.

Rogers Communications Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a $0.3611 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Monday, December 9th. Rogers Communications's payout ratio is currently 72.20%.

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.