Rogers Communications (NYSE:RCI) Sets New 52-Week Low – Should You Sell?

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $27.58 and last traded at $27.78, with a volume of 200003 shares changing hands. The stock had previously closed at $28.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RCI shares. Bank of America downgraded shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Barclays restated an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Finally, Morgan Stanley assumed coverage on shares of Rogers Communications in a research note on Monday, December 16th. They issued an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Rogers Communications currently has a consensus rating of “Hold” and an average price target of $61.75.

Rogers Communications Trading Down 4.0 %

The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.07 and a beta of 0.69. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35. The business’s fifty day moving average is $31.51 and its 200 day moving average is $36.19.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. Equities analysts predict that Rogers Communications Inc. will post 3.47 earnings per share for the current year.

Institutional Investors Weigh In On Rogers Communications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC bought a new stake in Rogers Communications in the 3rd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 buying an additional 522 shares during the period. Grove Bank & Trust lifted its position in Rogers Communications by 41.0% during the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider’s stock worth $42,000 after acquiring an additional 302 shares during the last quarter. Nexus Investment Management ULC acquired a new position in shares of Rogers Communications in the third quarter valued at approximately $203,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Rogers Communications during the third quarter worth approximately $206,000. Institutional investors own 45.49% of the company’s stock.

About Rogers Communications

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.