Rogers Communications Inc. (TSE:RCI.B) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$69.59.

A number of brokerages recently weighed in on RCI.B. JPMorgan Chase & Co. dropped their price objective on shares of Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on shares of Rogers Communications from C$65.00 to C$66.00 in a report on Thursday, September 19th. Cormark lowered their price target on shares of Rogers Communications from C$74.00 to C$72.00 in a report on Thursday, July 25th. Canaccord Genuity Group cut shares of Rogers Communications from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$59.00 to C$57.00 in a report on Thursday, July 25th. Finally, BMO Capital Markets boosted their price target on shares of Rogers Communications from C$67.00 to C$70.00 in a report on Thursday, September 19th.

Rogers Communications Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a market capitalization of C$22.13 billion, a PE ratio of 32.40, a P/E/G ratio of 0.92 and a beta of 0.62. The company has a fifty day simple moving average of C$54.27 and a 200 day simple moving average of C$53.41. Rogers Communications has a twelve month low of C$48.67 and a twelve month high of C$64.71.

Rogers Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, October 3rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of ?. The ex-dividend date of this dividend was Monday, September 9th. Rogers Communications’s payout ratio is 122.70%.

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 Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.