Shares of Rogers Communication Inc. (NYSE:RCI) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.00 and last traded at $41.96, with a volume of 156,971 shares traded. The stock had previously closed at $41.22.

RCI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Rogers Communication from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, April 8th. Goldman Sachs Group Inc. increased their price objective on shares of Rogers Communication from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 19th. Royal Bank Of Canada reduced their price objective on shares of Rogers Communication from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Tuesday, April 19th. Canaccord Genuity reissued a “hold” rating on shares of Rogers Communication in a research note on Tuesday, April 19th. Finally, TD Securities reissued a “buy” rating and issued a $58.00 price objective on shares of Rogers Communication in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$49.11.

The firm has a market capitalization of $21.44 billion and a price-to-earnings ratio of 20.30. The company’s 50-day moving average is $39.72 and its 200-day moving average is $37.73.

Rogers Communication (NYSE:RCI) last announced its quarterly earnings data on Monday, April 18th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.24 billion. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Equities research analysts forecast that Rogers Communication Inc. will post $2.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 4th. Stockholders of record on Sunday, June 12th were issued a dividend of $0.3745 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.60%. This is a boost from Rogers Communication’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, June 8th.

Several institutional investors have recently bought and sold shares of the stock. Gulf International Bank UK Ltd raised its position in Rogers Communication by 2.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 109,537 shares of the company’s stock valued at $3,780,000 after buying an additional 2,500 shares during the period. Dimensional Fund Advisors LP raised its position in Rogers Communication by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 119,005 shares of the company’s stock valued at $4,101,000 after buying an additional 6,300 shares during the period. Advisors Asset Management Inc. raised its position in Rogers Communication by 26.2% in the fourth quarter. Advisors Asset Management Inc. now owns 76,527 shares of the company’s stock valued at $2,637,000 after buying an additional 15,881 shares during the period. OppenheimerFunds Inc. raised its position in Rogers Communication by 20.1% in the fourth quarter. OppenheimerFunds Inc. now owns 648,005 shares of the company’s stock valued at $22,348,000 after buying an additional 108,589 shares during the period. Finally, Morgan Stanley raised its position in Rogers Communication by 48.6% in the fourth quarter. Morgan Stanley now owns 991,455 shares of the company’s stock valued at $34,166,000 after buying an additional 324,468 shares during the period.

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet and telephony services to consumers and businesses. The Company operates through four segments: Wireless, Cable, Business Solutions and Media. Its Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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