Rogers Communications Inc. (NYSE:RCI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,274,064 shares of the Wireless communications provider's stock after acquiring an additional 36,496 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.24% of Rogers Communications worth $59,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in Rogers Communications by 120.1% during the 4th quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider's stock worth $31,000 after acquiring an additional 359 shares during the period. EverSource Wealth Advisors LLC lifted its position in Rogers Communications by 62.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 270 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Rogers Communications during the 3rd quarter worth approximately $29,000. CVA Family Office LLC acquired a new stake in Rogers Communications during the 4th quarter worth approximately $51,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in Rogers Communications by 26.7% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,760 shares of the Wireless communications provider's stock worth $99,000 after acquiring an additional 371 shares during the period. 45.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RCI. StockNews.com cut Rogers Communications from a "hold" rating to a "sell" rating in a research report on Friday, April 5th. Barclays cut their target price on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Rogers Communications Stock Performance

Shares of RCI stock traded down $0.21 during trading hours on Tuesday, reaching $37.70. 686,167 shares of the company's stock were exchanged, compared to its average volume of 521,249. The company has a market cap of $19.92 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 1.63 and a beta of 0.59. The company's 50 day moving average is $42.80 and its two-hundred day moving average is $43.15. Rogers Communications Inc. has a 1 year low of $36.55 and a 1 year high of $50.00. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.89 and a quick ratio of 0.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.11. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.99 billion. Equities research analysts anticipate that Rogers Communications Inc. will post 3.6 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 11th were paid a $0.3742 dividend. This is an increase from Rogers Communications's previous quarterly dividend of $0.36. This represents a $1.50 annualized dividend and a yield of 3.97%. The ex-dividend date was Friday, March 8th. Rogers Communications's dividend payout ratio (DPR) is presently 122.50%.

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.