Rogers Communications (NYSE:RCI) Stock Rating Upgraded by StockNews.com

Rogers Communications (NYSE:RCI) (TSE:RCI.B) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Barclays decreased their target price on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Rogers Communications Price Performance

RCI stock opened at $37.29 on Thursday. The firm has a 50 day moving average of $38.40 and a 200-day moving average of $41.78. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 3.67. Rogers Communications has a 12 month low of $35.55 and a 12 month high of $48.19. The firm has a market capitalization of $19.76 billion, a P/E ratio of 46.61, a price-to-earnings-growth ratio of 0.98 and a beta of 0.68.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. Rogers Communications had a net margin of 2.90% and a return on equity of 21.92%. As a group, sell-side analysts predict that Rogers Communications will post 3.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rogers Communications

A number of hedge funds have recently bought and sold shares of RCI. First Affirmative Financial Network lifted its stake in Rogers Communications by 11.2% during the 2nd quarter. First Affirmative Financial Network now owns 6,450 shares of the Wireless communications provider’s stock valued at $239,000 after acquiring an additional 649 shares during the period. CWM LLC increased its holdings in Rogers Communications by 342.3% in the 2nd quarter. CWM LLC now owns 1,809 shares of the Wireless communications provider’s stock worth $67,000 after acquiring an additional 1,400 shares in the last quarter. Value Partners Investments Inc. increased its holdings in Rogers Communications by 6.5% in the 2nd quarter. Value Partners Investments Inc. now owns 1,699,541 shares of the Wireless communications provider’s stock worth $62,849,000 after acquiring an additional 103,521 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in Rogers Communications by 7.8% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 36,885 shares of the Wireless communications provider’s stock worth $1,364,000 after acquiring an additional 2,655 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Rogers Communications by 4.9% in the 1st quarter. Janus Henderson Group PLC now owns 21,932 shares of the Wireless communications provider’s stock worth $901,000 after acquiring an additional 1,022 shares in the last quarter. Institutional investors own 45.49% of the company’s stock.

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.