Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) has earned a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $54.67.
A number of research firms recently weighed in on RCI. BidaskClub upgraded shares of Rogers Communication from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Wednesday, July 12th. Finally, Canaccord Genuity set a $66.00 price target on shares of Rogers Communication and gave the stock a “buy” rating in a research note on Wednesday, April 19th.
Rogers Communication (NYSE:RCI) traded up 0.04% on Friday, reaching $51.52. The company had a trading volume of 128,522 shares. Rogers Communication has a 12-month low of $37.03 and a 12-month high of $53.07. The stock has a market capitalization of $26.52 billion, a PE ratio of 32.28 and a beta of 0.86. The stock’s 50 day moving average price is $48.91 and its 200-day moving average price is $45.30.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, July 20th. The Wireless communications provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Rogers Communication had a net margin of 7.42% and a return on equity of 28.90%. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Rogers Communication’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that Rogers Communication will post $2.72 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in RCI. NGAM Advisors L.P. increased its stake in Rogers Communication by 0.3% in the second quarter. NGAM Advisors L.P. now owns 25,788 shares of the Wireless communications provider’s stock worth $1,217,000 after buying an additional 81 shares during the period. Creative Planning increased its stake in Rogers Communication by 7.8% in the second quarter. Creative Planning now owns 2,391 shares of the Wireless communications provider’s stock worth $113,000 after buying an additional 173 shares during the period. US Bancorp DE increased its stake in Rogers Communication by 8.8% in the first quarter. US Bancorp DE now owns 3,429 shares of the Wireless communications provider’s stock worth $152,000 after buying an additional 278 shares during the period. Comerica Bank increased its stake in Rogers Communication by 1.3% in the first quarter. Comerica Bank now owns 23,199 shares of the Wireless communications provider’s stock worth $1,068,000 after buying an additional 299 shares during the period. Finally, World Asset Management Inc increased its stake in Rogers Communication by 1.6% in the first quarter. World Asset Management Inc now owns 25,069 shares of the Wireless communications provider’s stock worth $1,109,000 after buying an additional 403 shares during the period. Institutional investors and hedge funds own 47.73% of the company’s stock.
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Rogers Communication Company Profile
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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