Rogers Communication Inc. (RCI) Sets New 12-Month High at $41.73
Rogers Communication Inc. (NYSE:RCI)’s share price reached a new 52-week high on Thursday . The company traded as high as $41.73 and last traded at $41.30, with a volume of 86,436 shares. The stock had previously closed at $41.44.
A number of research firms have weighed in on RCI. TD Securities restated a “buy” rating and set a $58.00 price objective on shares of Rogers Communication in a research report on Wednesday. Bank of America Corp. initiated coverage on shares of Rogers Communication in a research report on Tuesday. They issued a “neutral” rating for the company. Zacks Investment Research cut shares of Rogers Communication from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Canaccord Genuity reiterated a “hold” rating on shares of Rogers Communication in a research report on Tuesday, April 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Rogers Communication from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Rogers Communication presently has a consensus rating of “Hold” and an average price target of C$49.11.
The stock’s 50 day moving average price is $39.13 and its 200 day moving average price is $37.45. The stock has a market capitalization of $21.17 billion and a PE ratio of 19.98.
Rogers Communication (NYSE:RCI) last posted its quarterly earnings data on Monday, April 18th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Rogers Communication’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, equities research analysts expect that Rogers Communication Inc. will post $2.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 4th. Shareholders of record on Sunday, June 12th were given a dividend of $0.3745 per share. This is a boost from Rogers Communication’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, June 8th. This represents a $1.50 annualized dividend and a dividend yield of 3.61%.
Several large investors recently modified their holdings of the company. Bollard Group LLC raised its stake in shares of Rogers Communication by 0.7% in the fourth quarter. Bollard Group LLC now owns 31,724 shares of the company’s stock valued at $1,093,000 after buying an additional 217 shares during the last quarter. Waldron LP bought a new stake in shares of Rogers Communication during the fourth quarter valued at approximately $1,129,000. Advisors Asset Management Inc. raised its stake in shares of 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 last quarter. Gulf International Bank UK Ltd raised 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 valued at $3,780,000 after buying an additional 2,500 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Rogers Communication by 4.0% in the fourth quarter. Sei Investments Co. now owns 252,061 shares of the company’s stock valued at $8,685,000 after buying an additional 9,781 shares during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.