Rogers Communication's (RCI) Hold (C) Rating Reaffirmed at Weiss Ratings

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B's stock had its "hold (c)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. BMO Capital Markets reissued an "outperform" rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. Scotiabank reissued a "sector perform" rating on shares of Rogers Communication in a research note on Tuesday, July 15th. Finally, Barclays raised their price objective 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. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $33.00.

Rogers Communication Stock Down 0.8%

Shares of NYSE:RCI opened at $35.53 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 2.23. Rogers Communication has a 12 month low of $23.18 and a 12 month high of $39.33. The company has a 50-day moving average price of $35.12 and a 200 day moving average price of $30.34. The company has a market cap of $19.12 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.87 and a beta of 0.78.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.02. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $5.12 billion. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. As a group, equities research analysts predict that Rogers Communication will post 3.57 earnings per share for the current year.

Hedge Funds Weigh In On Rogers Communication

A number of institutional investors have recently modified their holdings of RCI. SBI Securities Co. Ltd. increased its holdings in Rogers Communication by 885.4% during the first 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 during the period. Headlands Technologies LLC increased its holdings in Rogers Communication by 143.2% during the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider's stock valued at $49,000 after buying an additional 978 shares during the period. MAI Capital Management increased its holdings in Rogers Communication by 30.5% during the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider's stock valued at $58,000 after buying an additional 458 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Rogers Communication by 52.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider's stock valued at $59,000 after buying an additional 683 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Rogers Communication by 176.9% during the second quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider's stock valued at $86,000 after buying an additional 1,847 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

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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