Rogers Communications Inc. (NYSE:RCI – Get Free Report) (TSE:RCI.B) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $51.50.
A number of analysts have commented on the company. StockNews.com raised Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Canaccord Genuity Group reiterated a “hold” rating and issued a $57.00 price objective (down from $59.00) on shares of Rogers Communications in a report on Thursday, July 25th. Finally, Canaccord Genuity Group cut shares of Rogers Communications from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.
Check Out Our Latest Research Report on RCI
Institutional Investors Weigh In On Rogers Communications
Rogers Communications Stock Performance
Shares of Rogers Communications stock opened at $40.82 on Monday. Rogers Communications has a 1 year low of $35.55 and a 1 year high of $48.19. The firm’s 50-day moving average is $38.09 and its 200 day moving average is $40.04. The stock has a market cap of $21.64 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 1.00 and a beta of 0.68. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.65 and a quick ratio of 0.60.
Rogers Communications (NYSE:RCI – Get Free Report) (TSE:RCI.B) last issued its earnings results on Wednesday, July 24th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Sell-side analysts anticipate that Rogers Communications will post 3.58 EPS for the current fiscal year.
Rogers Communications Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 9th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, September 9th. Rogers Communications’s payout ratio is currently 180.00%.
Rogers Communications Company Profile
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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