Rogers Communications Inc. (NYSE:RCI) Given Average Rating of “Hold” by Brokerages
Shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) have received an average rating of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $60.18.
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating on shares of Rogers Communications in a research note on Monday, April 22nd. Scotia Howard Weill reiterated a “sector perform” rating on shares of Rogers Communications in a research note on Monday, April 22nd. Desjardins upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. downgraded shares of Rogers Communications from a “neutral” rating to an “underweight” rating in a research note on Monday, July 8th. Finally, Zacks Investment Research downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $56.00 price objective on the stock. in a research note on Friday, July 26th.
Rogers Communications stock traded up $0.04 during trading hours on Friday, reaching $50.80. 19,847 shares of the stock were exchanged, compared to its average volume of 343,101. The company has a market cap of $26.52 billion, a P/E ratio of 15.16, a P/E/G ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.71 and a current ratio of 0.79. Rogers Communications has a twelve month low of $48.67 and a twelve month high of $55.93. The stock has a 50 day moving average price of $53.07.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be paid a $0.3732 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.94%. Rogers Communications’s payout ratio is currently 44.18%.
Several institutional investors and hedge funds have recently bought and sold shares of RCI. Signaturefd LLC boosted its stake in shares of Rogers Communications by 34.2% in the 1st quarter. Signaturefd LLC now owns 1,780 shares of the Wireless communications provider’s stock valued at $96,000 after purchasing an additional 454 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Rogers Communications by 26.5% in the 1st quarter. Quadrant Capital Group LLC now owns 2,163 shares of the Wireless communications provider’s stock valued at $111,000 after buying an additional 453 shares during the last quarter. Exane Derivatives raised its holdings in Rogers Communications by 107.0% in the 1st quarter. Exane Derivatives now owns 2,070 shares of the Wireless communications provider’s stock valued at $111,000 after buying an additional 1,070 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in Rogers Communications by 12.2% in the 2nd quarter. Neuburgh Advisers LLC now owns 2,352 shares of the Wireless communications provider’s stock valued at $121,000 after buying an additional 256 shares during the last quarter. Finally, Assetmark Inc. bought a new position in Rogers Communications in the 2nd quarter valued at approximately $153,000. Institutional investors own 44.65% 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 Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.
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