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

Key Points

• Analyst consensus: Hold — Nine analysts rate Rogers Communication a consensus "Hold" (1 sell, 5 hold, 3 buy) with an average 12‑month price target of $36.00.
• Quarterly results showed an EPS beat of $1.08 vs. $0.98 expected but a revenue miss ($4.49B vs. $5.94B consensus), with revenue up 12.6% year‑over‑year.
• Rogers pays a quarterly dividend of $0.50 (annualized $2.00) for a 6.2% yield; the stock trades around $32.44 with a P/E of 3.51 and a market cap near $17.5B.

Rogers Communication, Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B has been assigned a consensus rating of "Hold" from the nine analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.00.

Several research firms have recently issued reports on RCI. TD Cowen restated a "buy" rating on shares of Rogers Communication in a report on Friday, January 30th. Royal Bank Of Canada restated an "outperform" rating on shares of Rogers Communication in a report on Tuesday, January 13th. Wall Street Zen downgraded shares of Rogers Communication from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Weiss Ratings restated a "hold (c+)" rating on shares of Rogers Communication in a report on Friday, December 26th. Finally, TD Securities downgraded shares of Rogers Communication from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd.

Rogers Communication Stock Performance

Shares of NYSE RCI opened at $32.44 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 1.48. The business's 50 day moving average is $38.04 and its two-hundred day moving average is $37.47. The company has a market cap of $17.52 billion, a P/E ratio of 3.51, a P/E/G ratio of 5.76 and a beta of 0.72. Rogers Communication has a 12 month low of $23.66 and a 12 month high of $41.14.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $5.94 billion. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 EPS. On average, equities analysts expect that Rogers Communication will post 3.57 EPS for the current year.

Rogers Communication Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, March 10th. This represents a $2.00 annualized dividend and a dividend yield of 6.2%. Rogers Communication's payout ratio is presently 15.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its position in Rogers Communication by 261.2% in the third quarter. CIBC Asset Management Inc now owns 2,102,076 shares of the Wireless communications provider's stock valued at $72,280,000 after buying an additional 1,520,062 shares in the last quarter. Citigroup Inc. boosted its position in Rogers Communication by 16.9% in the third quarter. Citigroup Inc. now owns 395,919 shares of the Wireless communications provider's stock valued at $13,633,000 after buying an additional 57,159 shares in the last quarter. TD Asset Management Inc boosted its position in Rogers Communication by 18.0% in the third quarter. TD Asset Management Inc now owns 8,344,925 shares of the Wireless communications provider's stock valued at $287,340,000 after buying an additional 1,272,065 shares in the last quarter. JCIC Asset Management Inc. acquired a new position in Rogers Communication in the third quarter valued at about $4,253,000. Finally, J. Safra Sarasin Holding AG boosted its position in Rogers Communication by 361.8% in the third quarter. J. Safra Sarasin Holding AG now owns 53,567 shares of the Wireless communications provider's stock valued at $1,844,000 after buying an additional 41,967 shares in the last quarter. Institutional investors own 45.49% of the company's stock.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.

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