Amundi Pioneer Asset Management Inc. bought a new stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 274,297 shares of the Wireless communications provider’s stock, valued at approximately $13,969,000. Amundi Pioneer Asset Management Inc. owned approximately 0.05% of Rogers Communications as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of RCI. Trexquant Investment LP purchased a new position in shares of Rogers Communications during the 3rd quarter worth $205,000. FDx Advisors Inc. purchased a new position in shares of Rogers Communications during the 4th quarter worth $305,000. Dean Capital Investments Management LLC purchased a new position in shares of Rogers Communications during the 4th quarter worth $485,000. Cubist Systematic Strategies LLC grew its holdings in shares of Rogers Communications by 26.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,380 shares of the Wireless communications provider’s stock worth $535,000 after purchasing an additional 2,178 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Rogers Communications during the 3rd quarter worth $746,000. Institutional investors own 47.53% of the company’s stock.
RCI has been the subject of a number of research analyst reports. Desjardins upgraded Rogers Communications from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Barclays reiterated a “hold” rating and set a $55.00 price target on shares of Rogers Communications in a report on Friday, January 26th. Zacks Investment Research upgraded Rogers Communications from a “sell” rating to a “hold” rating in a report on Monday, January 29th. Finally, National Bank Financial cut Rogers Communications from an “outperform” rating to a “sector perform” rating in a report on Friday, January 26th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.75.
Rogers Communications stock traded down $0.53 during midday trading on Friday, reaching $45.74. 465,901 shares of the stock traded hands, compared to its average volume of 384,907. Rogers Communications Inc. has a 12-month low of $43.11 and a 12-month high of $54.95. The stock has a market capitalization of $23,820.35, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.84. 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 announced its earnings results on Thursday, January 25th. The Wireless communications provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Rogers Communications had a return on equity of 30.65% and a net margin of 12.09%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same period last year, the business posted $0.74 EPS. Rogers Communications’s revenue for the quarter was up 3.5% on a year-over-year basis. equities research analysts anticipate that Rogers Communications Inc. will post 3.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Monday, March 12th were issued a dividend of $0.3843 per share. This represents a $1.54 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Friday, March 9th. Rogers Communications’s dividend payout ratio (DPR) is 57.56%.
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Rogers Communications Company Profile
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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