Rogers Communication, Inc. (NYSE:RCI) Given Average Recommendation of “Hold” by Analysts

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.00.

A number of equities research analysts have recently weighed in on RCI shares. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research note on Monday, January 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rogers Communication in a report on Friday, December 26th. Wall Street Zen upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, TD Cowen reissued a “buy” rating on shares of Rogers Communication in a research report on Monday, December 1st.

Rogers Communication Stock Down 0.6%

Rogers Communication stock opened at $36.88 on Monday. Rogers Communication has a 1-year low of $23.18 and a 1-year high of $40.26. The business has a fifty day moving average price of $37.25 and a 200-day moving average price of $36.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.62 and a quick ratio of 0.59. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 4.10, a PEG ratio of 2.78 and a beta of 0.75.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.07. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $5.33 billion. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 EPS. Equities research analysts forecast that Rogers Communication will post 3.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RCI. Farther Finance Advisors LLC boosted its position in Rogers Communication by 107.4% in the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 407 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Rogers Communication by 143.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock valued at $49,000 after acquiring an additional 978 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Rogers Communication by 106.2% in the second quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 1,005 shares during the period. MAI Capital Management increased its stake in shares of Rogers Communication by 30.5% in the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 458 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Rogers Communication during the third quarter worth $58,000. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.