Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $62.50.

A number of research analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of Rogers Communication in a report on Tuesday. They issued a “buy” rating on the stock. Morgan Stanley upped their target price on shares of Rogers Communication from $67.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Monday, September 25th. Barclays PLC upped their target price on shares of Rogers Communication from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Finally, TheStreet upgraded shares of Rogers Communication from a “c+” rating to a “b” rating in a report on Thursday, October 19th.

COPYRIGHT VIOLATION NOTICE: “Rogers Communication, Inc. (RCI) Given Average Rating of “Buy” by Brokerages” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/rogers-communication-inc-rci-given-average-rating-of-buy-by-brokerages/1722417.html.

Rogers Communication (RCI) traded down $0.50 during trading hours on Thursday, reaching $53.93. 325,100 shares of the company’s stock were exchanged, compared to its average volume of 308,700. The stock has a market cap of $28,021.11, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 4.00 and a beta of 0.93. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.38 and a current ratio of 0.41. Rogers Communication has a 52 week low of $37.81 and a 52 week high of $54.95.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.19). The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Rogers Communication had a net margin of 9.20% and a return on equity of 30.40%. Rogers Communication’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. equities analysts predict that Rogers Communication will post 2.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, December 8th. This represents a $1.92 annualized dividend and a dividend yield of 3.56%. Rogers Communication’s payout ratio is currently 81.48%.

Hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Rogers Communication by 4.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,197,101 shares of the Wireless communications provider’s stock worth $61,696,000 after acquiring an additional 46,902 shares during the period. Westpac Banking Corp lifted its holdings in shares of Rogers Communication by 5.4% during the 2nd quarter. Westpac Banking Corp now owns 117,004 shares of the Wireless communications provider’s stock worth $7,166,000 after acquiring an additional 6,000 shares during the period. Baskin Financial Services Inc. lifted its holdings in shares of Rogers Communication by 0.7% during the 2nd quarter. Baskin Financial Services Inc. now owns 316,859 shares of the Wireless communications provider’s stock worth $14,948,000 after acquiring an additional 2,330 shares during the period. Bollard Group LLC lifted its holdings in shares of Rogers Communication by 7.5% during the 3rd quarter. Bollard Group LLC now owns 48,010 shares of the Wireless communications provider’s stock worth $2,474,000 after acquiring an additional 3,368 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of Rogers Communication by 4.4% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,981,560 shares of the Wireless communications provider’s stock worth $93,455,000 after acquiring an additional 83,500 shares during the period. Institutional investors and hedge funds own 46.93% of the company’s stock.

About Rogers Communication

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

Analyst Recommendations for Rogers Communication (NYSE:RCI)

Receive News & Ratings for Rogers Communication Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communication Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.