Rogers Communications Inc. (NYSE:RCI) Holdings Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 224.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,483 shares of the Wireless communications provider's stock after acquiring an additional 84,047 shares during the quarter. BNP Paribas Financial Markets' holdings in Rogers Communications were worth $3,733,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in Rogers Communications by 23.3% in the fourth quarter. Ameriprise Financial Inc. now owns 55,041 shares of the Wireless communications provider's stock valued at $1,812,000 after acquiring an additional 10,405 shares in the last quarter. Northern Trust Corp raised its holdings in Rogers Communications by 10.7% in the fourth quarter. Northern Trust Corp now owns 158,002 shares of the Wireless communications provider's stock valued at $4,855,000 after acquiring an additional 15,295 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in Rogers Communications by 22.4% during the 4th quarter. Boothbay Fund Management LLC now owns 335,653 shares of the Wireless communications provider's stock valued at $10,312,000 after acquiring an additional 61,394 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Rogers Communications by 68.9% during the 4th quarter. Hsbc Holdings PLC now owns 314,526 shares of the Wireless communications provider's stock valued at $9,684,000 after acquiring an additional 128,280 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its stake in Rogers Communications by 0.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 218,308 shares of the Wireless communications provider's stock valued at $6,708,000 after acquiring an additional 720 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Canaccord Genuity Group upgraded shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Finally, Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Rogers Communications currently has a consensus rating of "Hold" and a consensus target price of $67.00.

Rogers Communications Stock Performance

Rogers Communications stock traded up $0.18 during mid-day trading on Friday, reaching $25.54. The company's stock had a trading volume of 894,497 shares, compared to its average volume of 1,018,386. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.43 and a beta of 0.73. The business has a 50 day moving average price of $25.92 and a 200-day moving average price of $29.42. 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 Inc. has a twelve month low of $23.18 and a twelve month high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $4.96 billion. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Sell-side analysts predict that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be issued a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's payout ratio is currently 59.66%.

Rogers Communications Profile

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.