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

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $36.00.

RCI has been the topic of several research analyst reports. Weiss Ratings raised shares of Rogers Communication from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. TD Securities reaffirmed a “buy” rating on shares of Rogers Communication in a report on Thursday, July 23rd. Scotiabank reiterated an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, July 7th. Wall Street Zen raised shares of Rogers Communication from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Raymond James Financial assumed coverage on shares of Rogers Communication in a research report on Wednesday, July 15th. They set an “outperform” rating for the company.

Institutional Trading of Rogers Communication

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Rogers Communication in the 2nd quarter valued at $1,395,000. NewEdge Advisors LLC bought a new position in Rogers Communication during the 1st quarter worth $483,000. JTC Employer Solutions Trustee Ltd lifted its holdings in shares of Rogers Communication by 1.0% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 107,208 shares of the Wireless communications provider’s stock worth $4,107,000 after buying an additional 1,025 shares in the last quarter. Guardian Partners Inc. lifted its holdings in shares of Rogers Communication by 0.6% during the first quarter. Guardian Partners Inc. now owns 371,138 shares of the Wireless communications provider’s stock worth $14,270,000 after buying an additional 2,285 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Rogers Communication by 15.5% in the first quarter. EverSource Wealth Advisors LLC now owns 3,107 shares of the Wireless communications provider’s stock valued at $119,000 after acquiring an additional 418 shares during the period. 45.49% of the stock is currently owned by institutional investors.

Rogers Communication Stock Down 0.4%

RCI stock opened at $35.93 on Friday. Rogers Communication has a 1-year low of $31.38 and a 1-year high of $41.14. The business’s 50 day simple moving average is $34.74 and its 200 day simple moving average is $36.37. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $19.41 billion, a PE ratio of 4.34, a PEG ratio of 4.54 and a beta of 0.64.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%.The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that Rogers Communication will post 3.27 EPS for the current year.

Rogers Communication Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.6%. Rogers Communication’s dividend payout ratio (DPR) is 17.51%.

Rogers Communication Company Profile

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.