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.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, January 24th. The Wireless communications provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.32. Rogers Communications had a return on equity of 29.05% and a net margin of 13.63%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Rogers Communications will post 3.55 EPS for the current fiscal year.

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.

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Analyst Recommendations for Rogers Communications (NYSE:RCI)

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