Rogers Communications Inc. (NYSE:RCI) Receives Consensus Rating of “Moderate Buy” from Analysts

Rogers Communications Inc. (NYSE:RCIGet Free Report) (TSE:RCI.B) has earned a consensus recommendation of “Moderate Buy” from the three analysts that are covering the company, reports. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $72.00.

Several equities analysts have weighed in on the stock. Royal Bank of Canada raised shares of Rogers Communications from a “sector perform” rating to an “outperform” rating in a report on Friday. TheStreet downgraded shares of Rogers Communications from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Finally, downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating in a report on Tuesday.

Check Out Our Latest Stock Analysis on RCI

Institutional Investors Weigh In On Rogers Communications

Several large investors have recently bought and sold shares of RCI. International Assets Investment Management LLC bought a new stake in Rogers Communications in the second quarter worth $27,000. Ridgewood Investments LLC bought a new stake in Rogers Communications in the first quarter worth $28,000. Fifth Third Bancorp increased its position in Rogers Communications by 1,059.4% during the first quarter. Fifth Third Bancorp now owns 800 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 731 shares during the last quarter. ING Groep NV bought a new position in Rogers Communications during the first quarter valued at $50,000. Finally, CVA Family Office LLC bought a new position in Rogers Communications during the fourth quarter valued at $52,000. Institutional investors own 44.25% of the company’s stock.

Rogers Communications Stock Performance

RCI opened at $41.44 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 3.32. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.28 and a beta of 0.52. The company’s 50 day moving average is $42.08 and its 200 day moving average is $45.00. Rogers Communications has a 12-month low of $36.23 and a 12-month high of $50.16.

Rogers Communications (NYSE:RCIGet Free Report) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Rogers Communications had a return on equity of 19.81% and a net margin of 8.92%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.82 billion. On average, equities research analysts predict that Rogers Communications will post 3.2 EPS for the current year.

Rogers Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a $0.377 dividend. This represents a $1.51 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Thursday, September 7th. This is an increase from Rogers Communications’s previous quarterly dividend of $0.37. Rogers Communications’s payout ratio is 68.20%.

About Rogers Communications

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Rogers Communications Inc operates as a communications and media company in North America. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.

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