Rogers Communications Inc. (NYSE:RCI) Receives $67.00 Average Price Target from Analysts

Shares of Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B have been assigned a consensus rating of "Hold" from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $67.00.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Bank of America lowered shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Barclays reiterated an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Finally, Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st.

Institutional Trading of Rogers Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC lifted its position in Rogers Communications by 95.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after acquiring an additional 744 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after acquiring an additional 1,052 shares during the last quarter. Versant Capital Management Inc acquired a new position in Rogers Communications in the first quarter valued at approximately $79,000. TD Private Client Wealth LLC increased its holdings in Rogers Communications by 263.1% during the 1st quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider's stock worth $137,000 after purchasing an additional 3,718 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Rogers Communications by 274.2% during the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock worth $163,000 after purchasing an additional 3,888 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Rogers Communications Trading Down 2.0 %

Rogers Communications stock traded down $0.53 during midday trading on Friday, hitting $25.56. 176,813 shares of the stock were exchanged, compared to its average volume of 1,007,867. The stock's 50-day simple moving average is $26.54 and its 200 day simple moving average is $30.47. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.43 and a beta of 0.67. Rogers Communications has a fifty-two week low of $23.18 and a fifty-two week high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the previous year, the business posted $0.99 EPS. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Rogers Communications will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be paid a $0.3611 dividend. The ex-dividend date is Monday, June 9th. This is a boost from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.65%. Rogers Communications's dividend payout ratio is 59.66%.

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.