Rogers Communication, Inc. (NYSE:RCI) Given Average Rating of “Hold” by Brokerages

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $36.00.

A number of brokerages recently weighed in on RCI. Wall Street Zen upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Morgan Stanley reissued an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research note on Monday, October 20th. Barclays raised their target price on shares of Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Finally, Desjardins downgraded Rogers Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, December 10th.

Rogers Communication Stock Performance

RCI opened at $36.59 on Thursday. The business’s 50-day simple moving average is $37.70 and its 200 day simple moving average is $35.73. Rogers Communication has a 52-week low of $23.18 and a 52-week high of $40.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.59 and a current ratio of 0.62. The firm has a market capitalization of $19.77 billion, a PE ratio of 4.07, a PEG ratio of 3.47 and a beta of 0.75.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the company earned $1.42 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Rogers Communication will post 3.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers Communication

A number of large investors have recently added to or reduced their stakes in RCI. Mirabella Financial Services LLP acquired a new stake in Rogers Communication during the 3rd quarter valued at $2,090,000. FNY Investment Advisers LLC bought a new position in shares of Rogers Communication in the third quarter valued at about $58,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Rogers Communication during the 3rd quarter worth about $280,000. Achmea Investment Management B.V. bought a new stake in shares of Rogers Communication during the 3rd quarter worth about $1,737,000. Finally, Danske Bank A S bought a new stake in shares of Rogers Communication during the 3rd quarter worth about $64,000. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.