QV Investors Inc. Boosts Holdings in Rogers Communication, Inc. $RCI

QV Investors Inc. lifted its stake in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 58.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935,789 shares of the Wireless communications provider’s stock after acquiring an additional 346,628 shares during the period. Rogers Communication accounts for about 2.8% of QV Investors Inc.’s investment portfolio, making the stock its 12th largest position. QV Investors Inc. owned 0.17% of Rogers Communication worth $32,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Vest Financial LLC increased its position in Rogers Communication by 50.1% during the third quarter. Vest Financial LLC now owns 81,435 shares of the Wireless communications provider’s stock worth $2,807,000 after purchasing an additional 27,184 shares during the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Rogers Communication during the 3rd quarter valued at $1,187,000. JCIC Asset Management Inc. acquired a new stake in shares of Rogers Communication during the 3rd quarter worth $4,253,000. Sequoia Financial Advisors LLC raised its position in shares of Rogers Communication by 45.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,112 shares of the Wireless communications provider’s stock worth $555,000 after buying an additional 5,054 shares during the period. Finally, Gold Investment Management Ltd. raised its position in shares of Rogers Communication by 2.1% in the 3rd quarter. Gold Investment Management Ltd. now owns 29,233 shares of the Wireless communications provider’s stock worth $1,007,000 after buying an additional 590 shares during the period. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Communication Stock Up 0.8%

NYSE RCI opened at $37.05 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 1.55. Rogers Communication, Inc. has a fifty-two week low of $23.18 and a fifty-two week high of $40.26. The business has a 50 day moving average price of $37.28 and a two-hundred day moving average price of $36.16. The stock has a market cap of $20.02 billion, a PE ratio of 4.12, a P/E/G ratio of 2.77 and a beta of 0.75.

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

Analyst Upgrades and Downgrades

RCI has been the subject of a number of research reports. Wall Street Zen raised Rogers Communication from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. TD Cowen reiterated a “buy” rating on shares of Rogers Communication in a report on Monday, December 1st. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. Finally, Desjardins lowered shares of Rogers Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rogers Communication has a consensus rating of “Hold” and an average price target of $36.00.

About Rogers Communication

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.