Analysts Set Rogers Communication, Inc. (NYSE:RCI) Price Target at $36.00

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have received a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $36.00.

Several analysts recently commented on RCI shares. TD Securities lowered Rogers Communication from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. TD Cowen reaffirmed a “buy” rating on shares of Rogers Communication in a report on Friday, January 30th. Scotiabank reaffirmed a “sector perform” rating on shares of Rogers Communication in a report on Monday, January 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Communication in a report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rogers Communication in a report on Friday, December 26th.

Rogers Communication Stock Up 0.9%

Rogers Communication stock opened at $32.74 on Friday. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 3.54, a PEG ratio of 5.70 and a beta of 0.72. The stock has a fifty day simple moving average of $37.96 and a two-hundred day simple moving average of $37.49. Rogers Communication has a 12 month low of $24.52 and a 12 month high of $41.14. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 1.48.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Thursday, January 29th. The Wireless communications provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. Rogers Communication’s revenue was up 12.6% compared to the same quarter last year. Equities analysts predict that Rogers Communication will post 3.57 EPS for the current fiscal year.

Rogers Communication Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.00 annualized dividend and a dividend yield of 6.1%. Rogers Communication’s payout ratio is presently 15.89%.

Institutional Trading of Rogers Communication

Large investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Rogers Communication by 6.0% during the third quarter. Van ECK Associates Corp now owns 5,889 shares of the Wireless communications provider’s stock valued at $203,000 after purchasing an additional 334 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Rogers Communication by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 407 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in Rogers Communication by 6.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 7,873 shares of the Wireless communications provider’s stock valued at $297,000 after purchasing an additional 479 shares in the last quarter. Gold Investment Management Ltd. lifted its position in Rogers Communication by 1.7% during the fourth quarter. Gold Investment Management Ltd. now owns 29,721 shares of the Wireless communications provider’s stock valued at $1,122,000 after purchasing an additional 488 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Rogers Communication by 1.8% during the second quarter. Public Sector Pension Investment Board now owns 37,181 shares of the Wireless communications provider’s stock valued at $1,101,000 after purchasing an additional 640 shares in the last quarter. Institutional investors own 45.49% of the company’s stock.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.