Rogers Communications (NYSE:RCI) Hits New 52-Week Low - Time to Sell?

Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B's stock price reached a new 52-week low on Monday . The stock traded as low as $24.61 and last traded at $24.85, with a volume of 306632 shares trading hands. The stock had previously closed at $25.82.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RCI shares. Bank of America lowered shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Scotiabank cut shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Morgan Stanley initiated coverage on Rogers Communications in a report on Monday, December 16th. They issued an "underweight" rating on the stock. Finally, Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $67.00.

Rogers Communications Stock Performance

The firm has a market cap of $13.08 billion, a P/E ratio of 10.51, a PEG ratio of 1.43 and a beta of 0.67. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The company's 50-day moving average is $27.15 and its two-hundred day moving average is $31.64.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Rogers Communications Inc. will post 3.57 EPS for the current fiscal 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 paid a $0.347 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a dividend yield of 5.69%. Rogers Communications's payout ratio is 59.48%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its stake in Rogers Communications by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider's stock valued at $725,000 after buying an additional 379 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Rogers Communications by 7.9% during the third quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock valued at $301,000 after acquiring an additional 551 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Rogers Communications by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider's stock worth $436,000 after acquiring an additional 571 shares during the period. Waldron Private Wealth LLC grew its stake in Rogers Communications by 3.1% in the 4th quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider's stock valued at $682,000 after purchasing an additional 660 shares during the period. Finally, State Street Corp increased its position in shares of Rogers Communications by 0.5% during the 3rd quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider's stock valued at $5,550,000 after purchasing an additional 661 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

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.