Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B's stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.64 and last traded at $25.24, with a volume of 191945 shares changing hands. The stock had previously closed at $26.73.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Scotiabank lowered Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Finally, Morgan Stanley initiated coverage on Rogers Communications in a research report on Monday, December 16th. They set an "underweight" rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Rogers Communications currently has a consensus rating of "Hold" and an average price target of $61.75.
Check Out Our Latest Report on Rogers Communications
Rogers Communications Trading Up 3.0 %
The business has a 50 day simple moving average of $27.82 and a 200-day simple moving average of $32.58. The stock has a market capitalization of $13.97 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66.
Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. On average, analysts predict that Rogers Communications Inc. will post 3.57 EPS for the current year.
Rogers Communications Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th were given a $0.347 dividend. This represents a $1.39 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Monday, March 10th. Rogers Communications's dividend payout ratio (DPR) is currently 59.48%.
Institutional Trading of Rogers Communications
Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Rogers Communications by 106.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider's stock valued at $5,383,000 after buying an additional 68,971 shares during the period. FMR LLC grew its position in Rogers Communications by 2.8% during the third quarter. FMR LLC now owns 2,496,298 shares of the Wireless communications provider's stock valued at $100,372,000 after purchasing an additional 68,759 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Rogers Communications by 107.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,436 shares of the Wireless communications provider's stock valued at $1,505,000 after buying an additional 19,378 shares during the period. PEAK6 Investments LLC purchased a new stake in Rogers Communications in the 3rd quarter worth approximately $305,000. Finally, Verition Fund Management LLC boosted its stake in shares of Rogers Communications by 7.9% during the 3rd quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock valued at $301,000 after buying an additional 551 shares during the period. Hedge funds and other institutional investors own 45.49% of the company's stock.
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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