Rogers Communications Inc. Expected to Earn Q4 2017 Earnings of $0.64 Per Share (RCI)

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Equities researchers at Cormark issued their Q4 2017 earnings per share (EPS) estimates for shares of Rogers Communications in a report released on Monday. Cormark analyst D. Mcfadgen expects that the Wireless communications provider will post earnings per share of $0.64 for the quarter.

A number of other research firms have also recently commented on RCI. Bank of America assumed coverage on Rogers Communications in a report on Tuesday, November 21st. They issued a “buy” rating on the stock. Morgan Stanley upped their price objective on Rogers Communications from $67.00 to $71.00 and gave the company an “equal weight” rating in a 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 objective on the stock in a report on Tuesday, October 24th. TheStreet upgraded Rogers Communications from a “c+” rating to a “b” rating in a report on Thursday, October 19th. Finally, Barclays upped their price objective on Rogers Communications from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $63.50.

Rogers Communications (RCI) opened at $50.29 on Tuesday. Rogers Communications has a twelve month low of $39.35 and a twelve month high of $54.95. The company has a market capitalization of $25,730.20, a P/E ratio of 26.61, a P/E/G ratio of 3.23 and a beta of 0.92. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.41 and a quick ratio of 0.38.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. OxFORD Asset Management LLP raised its position in Rogers Communications by 11.8% in the second quarter. OxFORD Asset Management LLP now owns 8,138 shares of the Wireless communications provider’s stock valued at $384,000 after purchasing an additional 857 shares during the period. Advisory Services Network LLC raised its position in Rogers Communications by 8.3% in the second quarter. Advisory Services Network LLC now owns 12,221 shares of the Wireless communications provider’s stock valued at $577,000 after purchasing an additional 935 shares during the period. Voya Investment Management LLC raised its position in Rogers Communications by 11.1% in the second quarter. Voya Investment Management LLC now owns 13,174 shares of the Wireless communications provider’s stock valued at $621,000 after purchasing an additional 1,318 shares during the period. Baskin Financial Services Inc. raised its position in Rogers Communications by 0.4% in the third quarter. Baskin Financial Services Inc. now owns 318,239 shares of the Wireless communications provider’s stock valued at $16,366,000 after purchasing an additional 1,380 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Rogers Communications by 26.6% in the third quarter. Cubist Systematic Strategies LLC now owns 10,380 shares of the Wireless communications provider’s stock valued at $535,000 after purchasing an additional 2,178 shares during the period. 47.32% of the stock is currently owned by institutional investors.

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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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