Vest Financial LLC Increases Stake in Rogers Communication, Inc. $RCI

Vest Financial LLC grew its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 50.1% during the 3rd quarter, Holdings Channel reports. The fund owned 81,435 shares of the Wireless communications provider’s stock after buying an additional 27,184 shares during the quarter. Vest Financial LLC’s holdings in Rogers Communication were worth $2,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RCI. Headlands Technologies LLC increased its position in Rogers Communication by 143.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 978 shares during the period. SBI Securities Co. Ltd. grew its holdings in Rogers Communication by 106.2% during the second quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 1,005 shares during the period. MAI Capital Management raised its position in Rogers Communication by 30.5% in the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 458 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 683 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Rogers Communication by 176.9% in the second quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider’s stock valued at $86,000 after acquiring an additional 1,847 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RCI. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, January 13th. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research report on Friday, December 26th. Desjardins cut Rogers Communication from a “buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Barclays raised their price objective on Rogers Communication from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Trading Up 0.8%

Shares of RCI opened at $37.05 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.62 and a quick ratio of 0.59. Rogers Communication, Inc. has a 1-year low of $23.18 and a 1-year high of $40.26. The stock has a market cap of $20.02 billion, a price-to-earnings ratio of 4.12, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75. The firm has a 50 day simple moving average of $37.28 and a 200-day simple moving average of $36.16.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.Rogers Communication’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. Equities analysts forecast that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.