Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $54.67.

Several equities research analysts have commented on RCI shares. Zacks Investment Research cut shares of Rogers Communication from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Canaccord Genuity reissued a “buy” rating and set a $60.00 price target on shares of Rogers Communication in a research report on Thursday, April 13th. BidaskClub raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, CIBC cut shares of Rogers Communication from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, April 5th. They noted that the move was a valuation call.

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Rogers Communication by 10.2% in the first quarter. FMR LLC now owns 27,559,525 shares of the Wireless communications provider’s stock worth $1,218,560,000 after buying an additional 2,546,782 shares during the last quarter. Beutel Goodman & Co Ltd. boosted its stake in shares of Rogers Communication by 4.7% in the first quarter. Beutel Goodman & Co Ltd. now owns 23,504,111 shares of the Wireless communications provider’s stock worth $1,037,483,000 after buying an additional 1,045,495 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Rogers Communication by 4.6% in the first quarter. Vanguard Group Inc. now owns 7,799,123 shares of the Wireless communications provider’s stock worth $344,877,000 after buying an additional 343,169 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Rogers Communication by 1.9% in the first quarter. Mawer Investment Management Ltd. now owns 6,182,883 shares of the Wireless communications provider’s stock worth $476,203,000 after buying an additional 112,870 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Rogers Communication by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 4,959,899 shares of the Wireless communications provider’s stock worth $219,234,000 after buying an additional 248,712 shares during the last quarter. 48.77% of the stock is currently owned by institutional investors.

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Rogers Communication (NYSE RCI) traded up 1.32% during trading on Friday, reaching $52.26. 427,230 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $47.67 and a 200-day moving average price of $44.50. Rogers Communication has a 12 month low of $37.03 and a 12 month high of $52.26. The firm has a market cap of $26.90 billion, a PE ratio of 38.17 and a beta of 0.85.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, July 20th. The Wireless communications provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Rogers Communication had a net margin of 6.56% and a return on equity of 26.98%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts forecast that Rogers Communication will post $2.65 earnings per share for the current fiscal year.

About Rogers Communication

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

Analyst Recommendations for Rogers Communication (NYSE:RCI)

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