Rogers Communications (RCI) Rating Reiterated by Royal Bank of Canada
Rogers Communications (NYSE:RCI) (TSE:RCI.B)‘s stock had its “hold” rating reiterated by Royal Bank of Canada in a report released on Tuesday, TipRanks reports.
Other equities analysts have also recently issued research reports about the company. Echelon Wealth Partners reissued a “buy” rating on shares of Rogers Communications in a report on Friday, January 25th. ValuEngine raised Rogers Communications from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Canaccord Genuity cut Rogers Communications from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Zacks Investment Research cut Rogers Communications from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Finally, Macquarie cut Rogers Communications from an “outperform” rating to a “neutral” rating and set a $53.06 target price for the company. in a report on Friday, January 25th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $54.68.
Shares of Rogers Communications stock opened at $53.99 on Tuesday. Rogers Communications has a 12 month low of $44.81 and a 12 month high of $55.93. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 3.03 and a beta of 0.71. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 1.64.
A number of institutional investors have recently modified their holdings of RCI. Lindbrook Capital LLC purchased a new position in Rogers Communications in the fourth quarter worth approximately $32,000. We Are One Seven LLC purchased a new position in shares of Rogers Communications during the fourth quarter worth $37,000. Enlightenment Research LLC purchased a new position in shares of Rogers Communications during the fourth quarter worth $46,000. Van ECK Associates Corp purchased a new position in shares of Rogers Communications during the fourth quarter worth $72,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Rogers Communications by 157.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,710 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 1,047 shares during the period. Institutional investors own 44.53% of the company’s stock.
Rogers Communications Company Profile
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.
Featured Article: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter.