Rogers Communications (RCI) Upgraded by ValuEngine to “Buy”

Rogers Communications (NYSE:RCI) (TSE:RCI.B) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, February 4th.

A number of other analysts also recently weighed in on RCI. Desjardins downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Zacks Investment Research downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Edward Jones downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $52.67 price objective for the company. in a research note on Thursday, November 29th. National Bank Financial upgraded shares of Rogers Communications from a “sector perform market weight” rating to an “outperform” rating in a research report on Thursday, January 3rd. Finally, Canaccord Genuity cut shares of Rogers Communications from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $54.68.

RCI traded down $2.49 during trading on Monday, hitting $52.81. The company had a trading volume of 1,144,543 shares, compared to its average volume of 331,489. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 1.64. Rogers Communications has a one year low of $43.11 and a one year high of $55.93. The stock has a market capitalization of $28.69 billion, a P/E ratio of 15.76, a P/E/G ratio of 3.14 and a beta of 0.65.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, January 24th. The Wireless communications provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.32. Rogers Communications had a net margin of 13.63% and a return on equity of 29.05%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the business earned $0.88 EPS. Rogers Communications’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Rogers Communications will post 3.55 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wetherby Asset Management Inc. grew its stake in Rogers Communications by 6.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 5,512 shares of the Wireless communications provider’s stock valued at $283,000 after acquiring an additional 327 shares in the last quarter. CLARET ASSET MANAGEMENT Corp increased its stake in shares of Rogers Communications by 5.0% in the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 7,082 shares of the Wireless communications provider’s stock worth $363,000 after buying an additional 335 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Rogers Communications by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,484 shares of the Wireless communications provider’s stock worth $486,000 after buying an additional 369 shares during the period. Cigna Investments Inc. New increased its stake in shares of Rogers Communications by 7.7% in the fourth quarter. Cigna Investments Inc. New now owns 5,199 shares of the Wireless communications provider’s stock worth $266,000 after buying an additional 373 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in Rogers Communications by 2.3% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 24,349 shares of the Wireless communications provider’s stock valued at $1,237,000 after purchasing an additional 557 shares during the period. Hedge funds and other institutional investors own 44.94% of the company’s stock.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

Featured Story: Gross Domestic Product (GDP)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Rogers Communications (NYSE:RCI)

Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter.