Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B posted its earnings results on Thursday. The Wireless communications provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.07, Zacks reports. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%.
Rogers Communications Stock Performance
Shares of NYSE:RCI traded down $1.14 on Friday, reaching $27.48. 1,538,388 shares of the company's stock were exchanged, compared to its average volume of 918,665. Rogers Communications has a twelve month low of $27.45 and a twelve month high of $48.08. The company has a fifty day moving average of $31.35 and a 200-day moving average of $36.12. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.07 and a beta of 0.69. 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 Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 yield of 5.05%. The ex-dividend date is Monday, March 10th. Rogers Communications's dividend payout ratio is currently 68.78%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Morgan Stanley initiated coverage on shares of Rogers Communications in a research note on Monday, December 16th. They issued an "underweight" rating on the stock. Finally, Bank of America downgraded shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $61.75.
Check Out Our Latest Stock Analysis on Rogers Communications
About Rogers Communications
(
Get Free Report)
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.
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