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

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $36.00.

RCI has been the topic of a number of research reports. Scotiabank reissued a “sector perform” rating on shares of Rogers Communication in a report on Monday, January 12th. Desjardins downgraded Rogers Communication from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. TD Cowen reaffirmed a “buy” rating on shares of Rogers Communication in a research report on Friday, January 30th. Wall Street Zen downgraded Rogers Communication from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, January 13th.

Rogers Communication Stock Up 2.2%

Shares of NYSE:RCI opened at $39.03 on Tuesday. Rogers Communication has a 1-year low of $23.18 and a 1-year high of $41.14. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.61 and a quick ratio of 0.57. The stock has a market cap of $21.08 billion, a P/E ratio of 4.22, a P/E/G ratio of 5.05 and a beta of 0.74. The firm has a fifty day moving average price of $38.15 and a 200 day moving average price of $37.45.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, January 29th. The Wireless communications provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the business posted $1.46 earnings per share. Rogers Communication’s quarterly revenue was up 12.6% on a year-over-year basis. Sell-side analysts predict that Rogers Communication will post 3.57 EPS for the current year.

Rogers Communication Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 10th. Rogers Communication’s payout ratio is currently 15.89%.

Institutional Trading of Rogers Communication

Hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in shares of Rogers Communication during the fourth quarter worth about $26,000. Farther Finance Advisors LLC lifted its position in Rogers Communication by 107.4% in the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 407 shares during the period. Headlands Technologies LLC boosted its holdings in Rogers Communication by 143.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after purchasing an additional 978 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Rogers Communication in the 3rd quarter valued at approximately $58,000. Finally, Advisory Services Network LLC acquired a new position in Rogers Communication during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

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.