Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) has been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $62.50.
Several brokerages have recently weighed in on RCI. Bank of America began coverage on Rogers Communications in a research report on Tuesday, November 21st. They set a “buy” rating on the stock. Morgan Stanley upped their price target on Rogers Communications from $67.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, October 24th. TheStreet upgraded Rogers Communications from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. Finally, Barclays upped their price target on Rogers Communications from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th.
Rogers Communications (RCI) traded down $0.94 during midday trading on Monday, reaching $49.96. 462,400 shares of the company’s stock traded hands, compared to its average volume of 312,186. The stock has a market capitalization of $25,719.91, a P/E ratio of 19.75, a PEG ratio of 3.67 and a beta of 0.92. Rogers Communications has a 1-year low of $37.81 and a 1-year high of $54.95. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.38 and a current ratio of 0.41.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, December 8th. Rogers Communications’s dividend payout ratio (DPR) is 81.48%.
Hedge funds have recently bought and sold shares of the stock. AXA lifted its position in Rogers Communications by 1.8% during the second quarter. AXA now owns 27,848 shares of the Wireless communications provider’s stock worth $1,315,000 after buying an additional 500 shares in the last quarter. US Bancorp DE raised its holdings in shares of Rogers Communications by 14.6% during the second quarter. US Bancorp DE now owns 3,930 shares of the Wireless communications provider’s stock valued at $185,000 after buying an additional 501 shares during the last quarter. OxFORD Asset Management LLP raised its holdings in shares of Rogers Communications by 11.8% during the second quarter. OxFORD Asset Management LLP now owns 8,138 shares of the Wireless communications provider’s stock valued at $384,000 after buying an additional 857 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Rogers Communications by 8.3% during the second quarter. Advisory Services Network LLC now owns 12,221 shares of the Wireless communications provider’s stock valued at $577,000 after buying an additional 935 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Rogers Communications by 2.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 56,627 shares of the Wireless communications provider’s stock valued at $2,058,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 47.23% of the company’s stock.
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Rogers Communications Company Profile
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.
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