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

Rogers Communication, Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B has been given a consensus recommendation of "Hold" by the eight analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $67.00.

Several analysts have recently issued reports on RCI shares. Canaccord Genuity Group raised shares of Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Scotiabank lowered shares of Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st.

Institutional Trading of Rogers Communication

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC grew its stake in Rogers Communication by 19.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock worth $178,000 after buying an additional 930 shares in the last quarter. Lorne Steinberg Wealth Management Inc. grew its stake in Rogers Communication by 10.8% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 101,011 shares of the Wireless communications provider's stock worth $3,102,000 after buying an additional 9,876 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its stake in Rogers Communication by 30.1% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 317,971 shares of the Wireless communications provider's stock worth $9,693,000 after buying an additional 73,618 shares in the last quarter. A&I Financial Services LLC purchased a new position in Rogers Communication in the 4th quarter worth approximately $363,000. Finally, Jones Financial Companies Lllp grew its stake in Rogers Communication by 141.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after buying an additional 1,052 shares in the last quarter. Institutional investors own 45.49% of the company's stock.

Rogers Communication Stock Performance

Shares of NYSE RCI traded up $0.19 during midday trading on Friday, hitting $27.60. The company's stock had a trading volume of 1,092,001 shares, compared to its average volume of 1,017,160. The stock has a fifty day moving average price of $25.97 and a 200 day moving average price of $27.95. Rogers Communication has a one year low of $23.18 and a one year high of $41.84. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.51 and a beta of 0.73.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.02). Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the firm earned $0.99 EPS. The business's revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts forecast that Rogers Communication will post 3.57 EPS for the current fiscal year.

Rogers Communication Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is 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 62.66%.

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.