Rogers Communication, Inc. $RCI is Louisbourg Investments Inc.’s 10th Largest Position

Louisbourg Investments Inc. decreased its holdings in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 9.2% during the third quarter, HoldingsChannel reports. The firm owned 281,520 shares of the Wireless communications provider’s stock after selling 28,465 shares during the period. Rogers Communication comprises 1.9% of Louisbourg Investments Inc.’s portfolio, making the stock its 10th largest holding. Louisbourg Investments Inc.’s holdings in Rogers Communication were worth $9,689,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. TD Private Client Wealth LLC lifted its position in shares of Rogers Communication by 6.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 5,461 shares of the Wireless communications provider’s stock worth $162,000 after purchasing an additional 330 shares during the period. MAI Capital Management raised its stake in Rogers Communication by 30.5% in the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after buying an additional 458 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Rogers Communication by 1.8% during the second quarter. Public Sector Pension Investment Board now owns 37,181 shares of the Wireless communications provider’s stock worth $1,101,000 after buying an additional 640 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Rogers Communication by 52.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 683 shares during the period. Finally, Cerity Partners LLC boosted its position in Rogers Communication by 7.0% during the 2nd quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider’s stock valued at $326,000 after acquiring an additional 724 shares in the last quarter. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Trading Down 0.3%

Shares of NYSE:RCI opened at $36.55 on Friday. The business’s 50-day moving average is $37.85 and its 200 day moving average is $34.76. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.62 and a quick ratio of 0.59. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $40.26. The firm has a market capitalization of $19.75 billion, a P/E ratio of 4.06, a P/E/G ratio of 3.37 and a beta of 0.74.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.07. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter last year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts predict that Rogers Communication, Inc. will post 3.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RCI shares. Cowen reissued a “buy” rating on shares of Rogers Communication in a research report on Monday, December 1st. Morgan Stanley reiterated an “underweight” rating on shares of Rogers Communication in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a report on Wednesday, October 8th. Barclays increased their price target on shares of Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, Desjardins downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rogers Communication has a consensus rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Profile

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.