StockNews.com Lowers Rogers Communications (NYSE:RCI) to Sell

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Friday.

Separately, Barclays dropped their target price on shares of Rogers Communications from $55.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, February 12th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Rogers Communications Stock Performance

NYSE RCI traded up $0.27 during trading hours on Friday, hitting $39.62. 738,229 shares of the stock were exchanged, compared to its average volume of 509,641. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 1.23 and a beta of 0.59. Rogers Communications has a 12-month low of $36.55 and a 12-month high of $50.00. The stock has a 50-day moving average of $44.10 and a 200 day moving average of $43.17. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $3.99 billion. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. As a group, equities research analysts forecast that Rogers Communications will post 3.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RCI. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Rogers Communications during the 1st quarter worth approximately $1,219,000. American Century Companies Inc. increased its stake in shares of Rogers Communications by 29.8% during the 1st quarter. American Century Companies Inc. now owns 28,915 shares of the Wireless communications provider's stock worth $1,637,000 after purchasing an additional 6,634 shares in the last quarter. US Bancorp DE increased its stake in shares of Rogers Communications by 3.0% during the 1st quarter. US Bancorp DE now owns 7,289 shares of the Wireless communications provider's stock worth $413,000 after purchasing an additional 213 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Rogers Communications during the 1st quarter worth approximately $237,000. Finally, BlackRock Inc. increased its stake in shares of Rogers Communications by 16.1% during the 1st quarter. BlackRock Inc. now owns 3,281,771 shares of the Wireless communications provider's stock worth $186,241,000 after purchasing an additional 455,522 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

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 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.

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