Rogers Communications (NYSE:RCI) Receives Equal Weight Rating from Barclays

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B's stock had its "equal weight" rating reiterated by equities research analysts at Barclays in a research note issued to investors on Tuesday,Benzinga reports.

A number of other equities analysts have also issued reports on the company. Bank of America lowered Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Morgan Stanley began coverage on Rogers Communications in a research note on Monday, December 16th. They set an "underweight" rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Rogers Communications has an average rating of "Hold" and a consensus price target of $61.75.

Rogers Communications Stock Performance

Shares of Rogers Communications stock traded up $0.07 on Tuesday, reaching $28.28. 1,216,662 shares of the company were exchanged, compared to its average volume of 968,447. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.64 and a current ratio of 0.68. The company's 50-day moving average is $32.65 and its two-hundred day moving average is $36.65. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.05 and a beta of 0.69. Rogers Communications has a 1-year low of $27.63 and a 1-year high of $48.19.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings results 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. The business had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $3.79 billion. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. As a group, research analysts expect that Rogers Communications will post 3.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers Communications

Institutional investors and hedge funds have recently modified their holdings of the stock. Cromwell Holdings LLC acquired a new stake in shares of Rogers Communications during the 3rd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Rogers Communications by 110.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 522 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Rogers Communications by 41.0% during the 3rd quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock valued at $42,000 after acquiring an additional 302 shares during the last quarter. Nexus Investment Management ULC purchased a new stake in shares of Rogers Communications in the third quarter valued at $203,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Rogers Communications in the third quarter valued at $206,000. Institutional investors and hedge funds 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.