Rogers Communications Given Consensus Recommendation of “Hold” by Analysts (NYSE:RCI)
Rogers Communications (NYSE:RCI) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, AnalystRatings.NET reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $42.70.
RCI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Rogers Communications from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $36.00 price target on the stock. Separately, analysts at Davidson upgraded shares of Rogers Communications to a “buy” rating in a research note on Thursday, May 1st. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Rogers Communications in a research note on Tuesday, April 22nd.
Shares of Rogers Communications (NYSE:RCI) opened at 41.81 on Wednesday. Rogers Communications has a 52-week low of $37.00 and a 52-week high of $46.58. The stock has a 50-day moving average of $40.45 and a 200-day moving average of $41.70. The company has a market cap of $21.521 billion and a price-to-earnings ratio of 14.67.
Rogers Communications (NYSE:RCI) last released its earnings data on Monday, April 21st. The company reported $0.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.04. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company posted $0.80 earnings per share. Rogers Communications’s revenue was down .2% compared to the same quarter last year. Analysts expect that Rogers Communications will post $3.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Shareholders of record on Friday, June 13th will be given a dividend of $0.4157 per share. This represents a $1.66 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, June 11th.
Rogers Communications Inc (NYSE:RCI) is a diversified public communications and media company.
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