Rogers Communications (RCI) Stock Rating Lowered by National Bank Financial

Rogers Communications (NYSE:RCI) (TSE:RCI.B) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Friday, January 26th, MarketBeat reports. National Bank Financial also issued estimates for Rogers Communications’ Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $2.76 EPS, FY2018 earnings at $3.17 EPS and FY2019 earnings at $3.51 EPS.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Rogers Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America initiated coverage on Rogers Communications in a research report on Tuesday, November 21st. They issued a “buy” rating for the company. Morgan Stanley upped their target price on Rogers Communications from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Desjardins raised Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, TheStreet raised Rogers Communications from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $62.75.

Rogers Communications (RCI) opened at $45.44 on Friday. The company has a market capitalization of $23,530.00, a price-to-earnings ratio of 17.28, a P/E/G ratio of 2.88 and a beta of 0.86. Rogers Communications has a 12 month low of $41.33 and a 12 month high of $54.95. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.44 and a quick ratio of 0.39.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. Rogers Communications had a return on equity of 26.60% and a net margin of 11.54%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. equities analysts predict that Rogers Communications will post 3.13 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. OxFORD Asset Management LLP raised its stake in Rogers Communications by 11.8% during the second quarter. OxFORD Asset Management LLP now owns 8,138 shares of the Wireless communications provider’s stock valued at $384,000 after buying an additional 857 shares in the last quarter. Advisory Services Network LLC raised its stake in Rogers Communications by 8.3% during the second quarter. Advisory Services Network LLC now owns 12,221 shares of the Wireless communications provider’s stock valued at $577,000 after buying an additional 935 shares in the last quarter. Wells Fargo & Company MN raised its stake in Rogers Communications by 8.1% during the fourth quarter. Wells Fargo & Company MN now owns 15,248 shares of the Wireless communications provider’s stock valued at $776,000 after buying an additional 1,141 shares in the last quarter. Voya Investment Management LLC raised its stake in Rogers Communications by 11.1% during the second quarter. Voya Investment Management LLC now owns 13,174 shares of the Wireless communications provider’s stock valued at $621,000 after buying an additional 1,318 shares in the last quarter. Finally, Baskin Financial Services Inc. raised its stake in Rogers Communications by 0.4% during the third quarter. Baskin Financial Services Inc. now owns 318,239 shares of the Wireless communications provider’s stock valued at $16,366,000 after buying an additional 1,380 shares in the last quarter. 47.73% of the stock is owned by hedge funds and other institutional investors.

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About Rogers Communications

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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