Rogers Communications Inc. (NYSE:RCI) Given Consensus Recommendation of "Hold" by Analysts

Rogers Communications Inc. (NYSE:RCI - Get Free Report) TSE: RCI.B has earned an average recommendation of "Hold" from the eight brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $67.00.

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

Rogers Communications Stock Down 0.1%

NYSE RCI opened at $27.64 on Friday. The stock's 50-day moving average price is $25.76 and its 200-day moving average price is $28.06. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. Rogers Communications has a 52 week low of $23.18 and a 52 week high of $41.84. The company has a market capitalization of $14.82 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.43 and a beta of 0.73.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $4.96 billion. During the same period last year, the business earned $0.99 EPS. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that Rogers Communications will post 3.57 earnings per share for the current year.

Rogers Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This represents a $1.44 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's dividend payout ratio (DPR) is currently 62.23%.

Hedge Funds Weigh In On Rogers Communications

Institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in Rogers Communications by 885.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 850 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after buying an additional 744 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Rogers Communications by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after buying an additional 1,052 shares in the last quarter. Versant Capital Management Inc purchased a new position in Rogers Communications during the 1st quarter valued at approximately $79,000. Finally, CWM LLC grew its holdings in Rogers Communications by 57.4% during the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock valued at $100,000 after buying an additional 1,363 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company's stock.

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.

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