Rogers Communication, Inc. (NYSE:RCI) Receives Average Recommendation of "Hold" from Analysts

Shares of Rogers Communication, Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B have been given an average rating of "Hold" by the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $33.00.

Several equities research analysts have weighed in on RCI shares. BMO Capital Markets restated an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rogers Communication in a report on Wednesday, October 8th. Barclays lifted their price target on shares of Rogers Communication from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Finally, Scotiabank restated a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Polar Asset Management Partners Inc. boosted its holdings in Rogers Communication by 194.1% in the first quarter. Polar Asset Management Partners Inc. now owns 125,000 shares of the Wireless communications provider's stock valued at $3,342,000 after purchasing an additional 82,500 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Rogers Communication by 4.7% during the 1st quarter. Deutsche Bank AG now owns 578,493 shares of the Wireless communications provider's stock worth $15,463,000 after buying an additional 25,717 shares during the last quarter. A&I Financial Services LLC boosted its holdings in shares of Rogers Communication by 66.0% in the 1st quarter. A&I Financial Services LLC now owns 19,637 shares of the Wireless communications provider's stock valued at $525,000 after buying an additional 7,810 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Rogers Communication by 3.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 455,687 shares of the Wireless communications provider's stock valued at $12,306,000 after buying an additional 14,606 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Rogers Communication during the 1st quarter worth $273,000. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communication Price Performance

Rogers Communication stock opened at $37.28 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.70 and a debt-to-equity ratio of 2.23. Rogers Communication has a 52-week low of $23.18 and a 52-week high of $39.33. The firm has a market cap of $20.14 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.98 and a beta of 0.78. The company's 50 day moving average is $35.57 and its two-hundred day moving average is $30.81.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.02. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $5.12 billion. Rogers Communication had a return on equity of 21.59% and a net margin of 7.33%.The company's revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share. On average, research analysts expect that Rogers Communication will post 3.57 EPS for the current fiscal year.

Rogers Communication Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Monday, September 8th were issued a dividend of $0.3672 per share. This is a positive change from Rogers Communication's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Monday, September 8th. This represents a $1.47 dividend on an annualized basis and a yield of 3.9%. Rogers Communication's dividend payout ratio (DPR) is presently 72.64%.

About Rogers Communication

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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