Bank of Nova Scotia Boosts Holdings in Rogers Communication, Inc. $RCI

Bank of Nova Scotia raised its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 7.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,280,164 shares of the Wireless communications provider’s stock after buying an additional 445,964 shares during the quarter. Bank of Nova Scotia’s holdings in Rogers Communication were worth $241,467,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. grew its stake in shares of Rogers Communication by 1.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,446,406 shares of the Wireless communications provider’s stock worth $92,242,000 after purchasing an additional 32,872 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Rogers Communication by 4.2% in the first quarter. Hillsdale Investment Management Inc. now owns 991,365 shares of the Wireless communications provider’s stock valued at $38,117,000 after purchasing an additional 39,638 shares during the period. Swiss Life Asset Management Ltd raised its position in Rogers Communication by 66.8% during the 4th quarter. Swiss Life Asset Management Ltd now owns 90,206 shares of the Wireless communications provider’s stock worth $3,406,000 after purchasing an additional 36,114 shares during the last quarter. Lorne Steinberg Wealth Management Inc. raised its position in Rogers Communication by 23.8% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 160,009 shares of the Wireless communications provider’s stock worth $6,048,000 after purchasing an additional 30,802 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Rogers Communication in the fourth quarter valued at about $6,397,000. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RCI shares. Desjardins restated a “hold” rating on shares of Rogers Communication in a research report on Thursday, April 23rd. Barclays dropped their price objective on Rogers Communication from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. Scotiabank reissued an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, July 7th. TD Securities reissued a “buy” rating on shares of Rogers Communication in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Rogers Communication in a report on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Price Performance

Rogers Communication stock opened at $32.66 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.55 and a quick ratio of 0.53. Rogers Communication, Inc. has a one year low of $31.38 and a one year high of $41.14. The firm has a market capitalization of $17.64 billion, a P/E ratio of 3.94, a PEG ratio of 4.00 and a beta of 0.64. The business has a fifty day moving average price of $35.65 and a 200-day moving average price of $36.59.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Rogers Communication had a return on equity of 11.41% and a net margin of 27.54%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, equities research analysts forecast that Rogers Communication, Inc. will post 3.36 EPS for the current year.

Rogers Communication Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.00 annualized dividend and a yield of 6.1%. Rogers Communication’s dividend payout ratio (DPR) is currently 15.30%.

Trending Headlines about Rogers Communication

Here are the key news stories impacting Rogers Communication this week:

• Positive Sentiment: Rogers beat Q2 estimates, posting EPS of $0.83 versus $0.80 expected and revenue of $3.95 billion versus $3.91 billion expected, which supports the stock. Article: Rogers Communication (RCI) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Total service revenue rose 8% year over year, adjusted EBITDA increased 3%, and free cash flow grew 6%, showing healthier operating momentum. Article: Rogers Communications Reports Second Quarter 2026 Results
• Positive Sentiment: The company reaffirmed its 2026 guidance, which can reassure investors that management still expects steady growth in service revenue, EBITDA, and free cash flow. Article: Rogers Communications Reports Second Quarter 2026 Results
• Positive Sentiment: Rogers announced a $0.50 quarterly dividend, implying an attractive yield that may appeal to income-focused investors. Article: Rogers Communications Declares 50 Cents per Share Quarterly Dividend
• Neutral Sentiment: Analysts and market commentary are focusing on valuation after mixed results, suggesting the stock may be viewed as fairly priced rather than dramatically undervalued. Article: Where Does Rogers Communications (TSX:RCI.B) Valuation Sit After Mixed Results And A Reaffirmed Dividend?
• Negative Sentiment: Despite the beat, earnings per share declined from $1.14 a year ago, which may temper enthusiasm about the pace of profit growth. Article: Rogers Communication stock data

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.