Rogers Communication (NYSE:RCI) Stock Price Expected to Rise, Barclays Analyst Says

Rogers Communication (NYSE:RCI) (TSE:RCI.B) had its price objective increased by investment analysts at Barclays from $35.00 to $36.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the Wireless communications provider’s stock. Barclays‘s price objective points to a potential downside of 0.77% from the stock’s current price.

Several other research firms have also issued reports on RCI. Scotiabank reissued a “sector perform” rating on shares of Rogers Communication in a research report on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of Rogers Communication in a report on Monday, December 1st. Morgan Stanley restated an “underweight” rating on shares of Rogers Communication in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rogers Communication presently has a consensus rating of “Hold” and an average price target of $36.00.

Rogers Communication Stock Down 1.0%

RCI opened at $36.28 on Tuesday. Rogers Communication has a 1 year low of $23.18 and a 1 year high of $40.26. The firm has a 50 day moving average price of $37.13 and a 200 day moving average price of $36.30. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.59 and a current ratio of 0.62. The company has a market cap of $19.60 billion, a PE ratio of 4.03, a price-to-earnings-growth ratio of 2.76 and a beta of 0.75.

Institutional Investors Weigh In On Rogers Communication

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of Rogers Communication by 107.4% in the 4th quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 407 shares in the last quarter. Headlands Technologies LLC raised its holdings in Rogers Communication by 143.2% in the second 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 in the last quarter. SBI Securities Co. Ltd. raised its holdings in 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 valued at $58,000 after acquiring an additional 1,005 shares in the last quarter. MAI Capital Management boosted its stake in Rogers Communication by 30.5% during the 2nd quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock valued at $58,000 after acquiring an additional 458 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Rogers Communication during the 3rd quarter worth $58,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication Company Profile

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.