Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.89.

A number of equities research analysts have recently issued reports on RCI shares. Zacks Investment Research upgraded Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, September 19th. Desjardins cut Rogers Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Edward Jones lowered Rogers Communications from a “buy” rating to a “hold” rating and set a $52.67 target price on the stock. in a report on Thursday, November 29th.

Several hedge funds have recently bought and sold shares of RCI. Aperio Group LLC increased its holdings in shares of Rogers Communications by 3.1% during the 2nd quarter. Aperio Group LLC now owns 176,709 shares of the Wireless communications provider’s stock worth $8,387,000 after acquiring an additional 5,335 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Rogers Communications during the 2nd quarter worth approximately $287,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Rogers Communications by 2.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,308,245 shares of the Wireless communications provider’s stock valued at $62,143,000 after buying an additional 31,421 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in Rogers Communications by 21.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 78,000 shares of the Wireless communications provider’s stock valued at $3,702,000 after buying an additional 13,700 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in Rogers Communications in the 2nd quarter valued at $403,000. 44.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rogers Communications stock traded down $1.27 on Monday, reaching $52.76. 12,307 shares of the company were exchanged, compared to its average volume of 398,649. Rogers Communications has a one year low of $43.11 and a one year high of $54.83. The stock has a market cap of $27.82 billion, a P/E ratio of 19.40, a P/E/G ratio of 3.34 and a beta of 0.74. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 1.73.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Friday, October 19th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Rogers Communications had a return on equity of 29.37% and a net margin of 13.34%. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.91 billion. On average, sell-side analysts expect that Rogers Communications will post 3.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 11th will be issued a dividend of $0.3695 per share. The ex-dividend date is Monday, December 10th. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.37. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.80%. Rogers Communications’s payout ratio is presently 54.24%.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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