Howard Weil Downgrades Rogers Communications (RCI) to Sector Perform
Rogers Communications (NYSE:RCI) (TSE:RCI.B) was downgraded by stock analysts at Howard Weil from a “sector outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday, Briefing.com Automated Import reports.
Several other research firms have also commented on RCI. Scotiabank lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Monday. Royal Bank of Canada reaffirmed a “hold” rating on shares of Rogers Communications in a report on Tuesday, April 9th. ValuEngine lowered shares of Rogers Communications from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Raymond James lowered shares of Rogers Communications to a “market perform” rating in a report on Wednesday, February 27th. Finally, Zacks Investment Research lowered shares of Rogers Communications from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Rogers Communications currently has an average rating of “Hold” and an average price target of $54.68.
NYSE RCI opened at $48.93 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.65 and a current ratio of 0.72. Rogers Communications has a 1 year low of $46.09 and a 1 year high of $55.93. The firm has a market capitalization of $26.44 billion, a P/E ratio of 14.61, a PEG ratio of 2.93 and a beta of 0.71.
A number of large investors have recently bought and sold shares of RCI. Lindbrook Capital LLC purchased a new stake in shares of Rogers Communications during the 4th quarter worth about $32,000. We Are One Seven LLC purchased a new stake in shares of Rogers Communications during the 4th quarter worth about $37,000. Enlightenment Research LLC purchased a new stake in shares of Rogers Communications during the 4th quarter worth about $46,000. Van ECK Associates Corp purchased a new stake in shares of Rogers Communications during the 4th quarter worth about $72,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Rogers Communications by 157.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,710 shares of the Wireless communications provider’s stock worth $81,000 after acquiring an additional 1,047 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.
About Rogers Communications
Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.
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