Rogers Communication, Inc. (NYSE:RCI) Receives Average Rating of “Hold” from Analysts

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $33.00.

Several equities research analysts recently commented on the stock. Barclays lifted their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Rogers Communication in a research note on Wednesday, October 8th. Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a research note on Monday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Rogers Communication in a research note on Wednesday, July 2nd.

Rogers Communication Price Performance

Shares of RCI opened at $37.34 on Friday. Rogers Communication has a twelve month low of $23.18 and a twelve month high of $39.32. The firm’s fifty day simple moving average is $35.73 and its 200-day simple moving average is $31.05. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.97 and a beta of 0.78. 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 (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period last year, the business earned $1.16 EPS. The company’s revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that Rogers Communication will post 3.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RCI. SBI Securities Co. Ltd. grew its position in Rogers Communication by 885.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 850 shares during the last quarter. Headlands Technologies LLC grew its position in Rogers Communication by 143.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 978 shares during the last quarter. MAI Capital Management grew its position in Rogers Communication by 30.5% during the 2nd quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 458 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 683 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Rogers Communication by 176.9% in the second quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock valued at $86,000 after acquiring an additional 1,847 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communication 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.