Rogers Communication, Inc. (NYSE:RCI) Receives $36.00 Consensus PT from Analysts

Shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) have received a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $36.00.

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research report on Friday, December 26th. Desjardins lowered Rogers Communication from a “buy” rating to a “hold” rating in a report on Wednesday, December 10th. Morgan Stanley restated an “underweight” rating on shares of Rogers Communication in a research note on Wednesday, December 10th. Scotiabank reaffirmed a “sector perform” rating on shares of Rogers Communication in a report on Monday, January 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, January 13th.

Institutional Investors Weigh In On Rogers Communication

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RCI. Corient Private Wealth LLC acquired a new position in shares of Rogers Communication during the 4th quarter valued at $214,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Rogers Communication by 1,314.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,337 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 3,101 shares during the period. Tobam lifted its holdings in shares of Rogers Communication by 85.9% in the fourth quarter. Tobam now owns 48,541 shares of the Wireless communications provider’s stock valued at $1,831,000 after buying an additional 22,433 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Rogers Communication during the fourth quarter valued at about $211,000. Finally, State of Tennessee Department of Treasury grew its holdings in Rogers Communication by 2.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 209,385 shares of the Wireless communications provider’s stock worth $7,948,000 after acquiring an additional 4,331 shares during the period. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Price Performance

Shares of NYSE:RCI opened at $38.65 on Tuesday. The firm’s 50 day moving average is $38.06 and its two-hundred day moving average is $37.38. The firm has a market capitalization of $20.88 billion, a P/E ratio of 4.18, a PEG ratio of 5.16 and a beta of 0.74. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 1.48. Rogers Communication has a 52 week low of $23.18 and a 52 week high of $41.14.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.10. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The business had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Analysts anticipate that Rogers Communication will post 3.57 earnings per share for the current year.

Rogers Communication Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.00 annualized dividend and a dividend yield of 5.2%. Rogers Communication’s dividend payout ratio (DPR) is 15.78%.

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.