Rogers Communications Inc. (TSE:RCI.B) Given Average Rating of “Buy” by Analysts

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$75.82.

RCI.B has been the subject of a number of research analyst reports. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. TD Securities boosted their price objective on shares of Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. CIBC cut their price objective on shares of Rogers Communications from C$73.00 to C$72.00 in a research report on Monday, April 22nd. Morgan Stanley set a $10.00 price objective on shares of Ford Motor and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Rogers Communications in a research report on Monday, April 22nd.

TSE:RCI.B traded up C$0.51 during trading hours on Monday, reaching C$70.86. The company had a trading volume of 383,256 shares, compared to its average volume of 906,109. The company has a debt-to-equity ratio of 216.89, a quick ratio of 0.51 and a current ratio of 0.67. Rogers Communications has a 52 week low of C$64.25 and a 52 week high of C$73.82. The stock has a market cap of $28.51 billion and a price-to-earnings ratio of 18.01. The company’s 50 day simple moving average is C$70.53.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, June 7th. Rogers Communications’s payout ratio is 50.84%.

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 Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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