Rogers Communications Inc. (NYSE:RCI) Receives Consensus Rating of “Hold” from Analysts

Shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $61.75.

Several equities analysts have commented on the stock. Morgan Stanley started coverage on shares of Rogers Communications in a research note on Monday, December 16th. They issued an “underweight” rating on the stock. Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Finally, Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th.

Institutional Trading of Rogers Communications

Large investors have recently bought and sold shares of the business. Lindbrook Capital LLC raised its holdings in shares of Rogers Communications by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 744 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 1,052 shares during the last quarter. Headlands Technologies LLC increased its position in Rogers Communications by 274.2% in the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider’s stock valued at $163,000 after acquiring an additional 3,888 shares during the period. V Square Quantitative Management LLC raised its stake in Rogers Communications by 19.1% during the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock valued at $178,000 after acquiring an additional 930 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Rogers Communications during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Stock Performance

Shares of RCI stock opened at $28.29 on Friday. The company has a market cap of $15.12 billion, a P/E ratio of 12.20, a PEG ratio of 1.43 and a beta of 0.68. The firm has a fifty day moving average price of $28.61 and a 200 day moving average price of $34.34. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. Rogers Communications has a 12 month low of $26.57 and a 12 month high of $44.53.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. Sell-side analysts predict that Rogers Communications will post 3.57 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th will be given a dividend of $0.347 per share. The ex-dividend date is Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 4.91%. Rogers Communications’s dividend payout ratio (DPR) is presently 59.05%.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.