3 days Ago By ABMN Staff
Shares of Rogers Communications Inc. ( NYSE:RCI – Get Free Report ) (TSE:RCI.B) have earned a consensus rating of “Moderate Buy” from the four research firms that are currently covering the stock, Marketbeat reports.
Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $51.50.
RCI has been the topic of a number of analyst reports. Canaccord Genuity Group lowered Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. StockNews.
com raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $57.00 target price (down from $59.
00) on shares of Rogers Communications in a research report on Thursday, July 25th. View Our Latest Analysis on Rogers Communications Rogers Communications Stock Up 1.1 % Rogers Communications ( NYSE:RCI – Get Free Report ) (TSE:RCI.
B) last announced its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
83 by $0.33. Rogers Communications had a net margin of 4.
28% and a return on equity of 23.15%. The company had revenue of $5.
09 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the company posted $0.
76 EPS. Rogers Communications’s revenue was up .9% compared to the same quarter last year.
As a group, research analysts expect that Rogers Communications will post 3.59 earnings per share for the current year. Rogers Communications Cuts Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd.
Shareholders of record on Monday, September 9th will be given a dividend of $0.365 per share. This represents a $1.
46 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Monday, September 9th.
Rogers Communications’s payout ratio is currently 185.00%. Institutional Trading of Rogers Communications Several large investors have recently modified their holdings of the business.
Brandes Investment Partners LP grew its holdings in Rogers Communications by 45.1% during the 2nd quarter. Brandes Investment Partners LP now owns 37,273 shares of the Wireless communications provider’s stock valued at $1,378,000 after buying an additional 11,591 shares during the last quarter.
Northwestern Mutual Wealth Management Co. increased its position in Rogers Communications by 110.1% during the 2nd quarter.
Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 522 shares in the last quarter. Creative Planning raised its stake in Rogers Communications by 50.
8% in the 2nd quarter. Creative Planning now owns 21,796 shares of the Wireless communications provider’s stock valued at $806,000 after purchasing an additional 7,338 shares during the last quarter. Lighthouse Investment Partners LLC lifted its holdings in Rogers Communications by 226.
9% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 15,970 shares of the Wireless communications provider’s stock valued at $590,000 after purchasing an additional 11,084 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Rogers Communications by 10.
2% during the 2nd quarter. Mackenzie Financial Corp now owns 10,563,054 shares of the Wireless communications provider’s stock worth $390,738,000 after purchasing an additional 974,937 shares during the last quarter. 45.
49% of the stock is currently owned by institutional investors and hedge funds. About Rogers Communications ( Get 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. See Also Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter .
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