Rogers Communications (TSE:RCI.A) Posts Quarterly Earnings Results

Rogers Communications (TSE:RCI.A) issued its quarterly earnings data on Friday. The company reported C$1.29 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$5.44 billion for the quarter. Rogers Communications had a return on equity of 7.93% and a net margin of 4.30%.

Rogers Communications Trading Up 2.1%

Shares of RCI.A stock traded up C$0.96 during mid-day trading on Friday, hitting C$46.46. 269 shares of the company’s stock were exchanged, compared to its average volume of 1,940. The stock has a market cap of C$25.10 billion, a price-to-earnings ratio of 4.08, a PEG ratio of 0.95 and a beta of 1.06. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. Rogers Communications has a fifty-two week low of C$43.00 and a fifty-two week high of C$56.72. The stock has a 50-day simple moving average of C$48.68 and a two-hundred day simple moving average of C$49.67.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RCI.A. Scotiabank dropped their price objective on Rogers Communications from C$61.00 to C$60.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Desjardins reduced their target price on shares of Rogers Communications from C$58.00 to C$55.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$57.50.

About Rogers Communications

Rogers is Canada’s leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).