Rogers Communications Receives Consensus Rating of “Hold” from Analysts (NYSE:RCI)
Shares of Rogers Communications (NYSE:RCI) have been given an average rating of “Hold” by the ten ratings firms that are covering the stock, American Banking News.com reports. Nine investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.00.
RCI has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Rogers Communications in a research note on Friday, July 25th. They now have a $45.00 price target on the stock, up previously from $44.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Rogers Communications in a research note on Friday, July 25th. They now have a $39.00 price target on the stock, down previously from $42.00. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Rogers Communications in a research note on Thursday, July 17th.
Rogers Communications (NYSE:RCI) opened at 39.96 on Monday. Rogers Communications has a one year low of $37.00 and a one year high of $46.10. The stock’s 50-day moving average is $39.3 and its 200-day moving average is $39.9. The company has a market cap of $20.569 billion and a P/E ratio of 15.22.
Rogers Communications (NYSE:RCI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.87 by $0.03. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Rogers Communications will post $3.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a dividend of $0.4189 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, September 10th.
Rogers Communications Inc (NYSE:RCI) is a diversified public communications and media company.
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