2 weeks Ago By Defense World Staff
American Century Companies Inc. grew its stake in shares of Rogers Communications Inc. ( NYSE:RCI – Free Report ) (TSE:RCI.
B) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,679 shares of the Wireless communications provider’s stock after purchasing an additional 6,099 shares during the period.
American Century Companies Inc.’s holdings in Rogers Communications were worth $2,540,000 as of its most recent SEC filing. A number of other institutional investors also recently bought and sold shares of the stock.
Ridgewood Investments LLC bought a new stake in Rogers Communications during the 2nd quarter valued at approximately $37,000. Headlands Technologies LLC bought a new stake in shares of Rogers Communications during the first quarter valued at approximately $42,000. Acadian Asset Management LLC purchased a new stake in Rogers Communications in the second quarter worth $55,000.
CWM LLC lifted its position in Rogers Communications by 342.3% during the second quarter. CWM LLC now owns 1,809 shares of the Wireless communications provider’s stock valued at $67,000 after buying an additional 1,400 shares during the period.
Finally, Gulf International Bank UK Ltd boosted its holdings in shares of Rogers Communications by 13.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,720 shares of the Wireless communications provider’s stock valued at $111,000 after buying an additional 322 shares in the last quarter.
45.49% of the stock is owned by institutional investors. Rogers Communications Price Performance RCI opened at $40.
25 on Friday. The company’s 50-day simple moving average is $39.67 and its two-hundred day simple moving average is $39.
27. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.
60 and a current ratio of 0.65. The stock has a market capitalization of $21.
33 billion, a P/E ratio of 50.31, a P/E/G ratio of 1.06 and a beta of 0.
67. Rogers Communications Inc. has a 52-week low of $35.
55 and a 52-week high of $48.19. Rogers Communications Cuts Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd.
Stockholders of record on Monday, September 9th will be given a dividend of $0.365 per share. This represents a $1.
46 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Monday, September 9th.
Rogers Communications’s payout ratio is currently 185.00%. Analyst Upgrades and Downgrades Several research analysts recently issued reports on RCI shares.
TD Securities increased their price target on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th.
Canaccord Genuity Group reissued a “hold” rating and issued a $57.00 price target (down from $59.00) on shares of Rogers Communications in a research report on Thursday, July 25th.
BMO Capital Markets raised their price objective on Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th.
Canaccord Genuity Group downgraded Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.
Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Rogers Communications has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.
Check Out Our Latest Research Report on Rogers Communications About Rogers Communications ( Free Report ) Rogers Communications Inc operates as a communications and media company in Canada. 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 and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.
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