Rogers Communication Inc. (NYSE:RCI) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $43.01 and last traded at $42.61, with a volume of 374,340 shares traded. The stock had previously closed at $40.93.

Several research firms have commented on RCI. Canaccord Genuity reaffirmed a “hold” rating on shares of Rogers Communication in a research note on Tuesday. TD Securities reaffirmed a “buy” rating and set a $58.00 price objective on shares of Rogers Communication in a research note on Wednesday, July 6th. Bank of America Corp. began coverage on shares of Rogers Communication in a research note on Tuesday, July 5th. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Rogers Communication from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Finally, Scotiabank reaffirmed an “outperform” rating and set a $56.00 price objective on shares of Rogers Communication in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Rogers Communication currently has an average rating of “Hold” and an average target price of C$49.11.

The stock has a market capitalization of $21.83 billion and a PE ratio of 20.53. The firm’s 50 day moving average is $39.90 and its 200-day moving average is $37.87.

A number of hedge funds and institutional investors have recently bought and sold shares of RCI. Advisors Asset Management Inc. increased 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 in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Rogers Communication by 2.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 109,537 shares of the company’s stock worth $3,780,000 after buying an additional 2,500 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Rogers Communication by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 119,005 shares of the company’s stock worth $4,101,000 after buying an additional 6,300 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Rogers Communication by 20.1% in the fourth quarter. OppenheimerFunds Inc. now owns 648,005 shares of the company’s stock worth $22,348,000 after buying an additional 108,589 shares during the period. Finally, Morgan Stanley increased its stake in shares of Rogers Communication by 48.6% in the fourth quarter. Morgan Stanley now owns 991,455 shares of the company’s stock worth $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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