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Rogers Communications (NYSE:RCI) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.

Rogers Communications (NYSE:RCI) opened at 37.13 on Thursday. Rogers Communications has a 52 week low of $38.32 and a 52 week high of $51.98. The stock’s 50-day moving average is $42.11 and its 200-day moving average is $42.93. The company has a market cap of $19.112 billion and a price-to-earnings ratio of 11.75.

Rogers Communications (NYSE:RCI) last released its earnings data on Tuesday, February 11th. The company reported $0.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.68 by $0.08. The company had revenue of $3.24 billion for the quarter. During the same quarter last year, the company posted $0.88 earnings per share. Rogers Communications’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Rogers Communications will post $3.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.4133 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, March 12th.

A number of other firms have also recently commented on RCI. Analysts at National Bank Financial downgraded shares of Rogers Communications to a “sector perform” rating in a research note on Thursday, February 13th. Separately, analysts at Barclays cut their price target on shares of Rogers Communications from $46.00 to $44.00 in a research note on Thursday, February 13th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Rogers Communications in a research note on Thursday, January 16th. They now have a $46.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Rogers Communications has an average rating of “Hold” and an average price target of $46.42.

Rogers Communications Inc (NYSE:RCI) is a diversified public communications and media company.

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