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

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $36.00.

RCI has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Rogers Communication in a report on Friday, January 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, January 13th. Wall Street Zen downgraded Rogers Communication from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Rogers Communication in a report on Friday, December 26th. Finally, Barclays restated a “positive” rating and set a $37.00 target price on shares of Rogers Communication in a research report on Tuesday, January 27th.

Rogers Communication Stock Performance

Rogers Communication stock opened at $38.23 on Tuesday. The company has a market cap of $20.65 billion, a PE ratio of 4.13, a PEG ratio of 5.05 and a beta of 0.74. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 1.48. Rogers Communication has a 1 year low of $23.18 and a 1 year high of $41.14. The company’s 50-day moving average is $38.10 and its two-hundred day moving average is $37.41.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. Rogers Communication had a net margin of 32.29% and a return on equity of 14.22%. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the company earned $1.46 EPS. Rogers Communication’s revenue was up 12.6% on a year-over-year basis. Equities analysts anticipate that Rogers Communication will post 3.57 earnings per share for the current year.

Rogers Communication Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 10th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.00 annualized dividend and a yield of 5.2%. Rogers Communication’s dividend payout ratio (DPR) is 15.89%.

Hedge Funds Weigh In On Rogers Communication

Institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC bought a new stake in shares of Rogers Communication in the 4th quarter valued at $26,000. Farther Finance Advisors LLC lifted its holdings in Rogers Communication by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 407 shares in the last quarter. Headlands Technologies LLC grew its stake in Rogers Communication by 143.2% in the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after acquiring an additional 978 shares during the period. FNY Investment Advisers LLC acquired a new position in Rogers Communication in the third quarter valued at about $58,000. Finally, Advisory Services Network LLC bought a new stake in shares of Rogers Communication in the third quarter worth about $63,000. Institutional investors and hedge funds 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.