Rogers Communication, Inc. (NYSE:RCI) Given Consensus Rating of "Hold" by Analysts

Shares of Rogers Communication, Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B have earned an average recommendation of "Hold" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $67.00.

A number of analysts have recently issued reports on the company. Scotiabank cut Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Finally, Canaccord Genuity Group raised shares of Rogers Communication from a "hold" rating to a "buy" rating in a report on Friday, April 4th.

Hedge Funds Weigh In On Rogers Communication

A number of institutional investors and hedge funds have recently bought and sold shares of RCI. APG Asset Management N.V. bought a new position in shares of Rogers Communication during the 4th quarter valued at about $3,303,000. FIL Ltd boosted its position in shares of Rogers Communication by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after purchasing an additional 2,244,240 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of Rogers Communication by 180.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider's stock valued at $10,560,000 after purchasing an additional 221,628 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Rogers Communication by 57.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock valued at $6,457,000 after purchasing an additional 76,373 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its holdings in shares of Rogers Communication by 239.5% in the fourth quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider's stock worth $1,306,000 after buying an additional 29,982 shares during the period. Institutional investors own 45.49% of the company's stock.

Rogers Communication Price Performance

Shares of NYSE:RCI traded up $0.62 during midday trading on Thursday, hitting $33.49. 2,117,243 shares of the stock were exchanged, compared to its average volume of 1,094,192. The company has a 50 day moving average price of $27.76 and a 200-day moving average price of $27.61. Rogers Communication has a twelve month low of $23.18 and a twelve month high of $41.84. The stock has a market cap of $18.02 billion, a P/E ratio of 14.37, a PEG ratio of 1.86 and a beta of 0.76. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 3.97.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). The business had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $4.96 billion. Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. On average, research analysts forecast that Rogers Communication will post 3.57 earnings per share for the current year.

Rogers Communication Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 9th were given a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Monday, June 9th. This is a positive change from Rogers Communication's previous quarterly dividend of $0.35. Rogers Communication's dividend payout ratio is currently 62.66%.

Rogers Communication 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.