Rogers Communications Inc. (RCI.B) Given Consensus Recommendation of “Buy” by Brokerages

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Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been given an average rating of “Buy” by the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$74.14.

Several analysts recently issued reports on the company. Morgan Stanley increased their price objective on Rogers Communications from C$73.00 to C$76.00 in a report on Thursday. National Bank Financial upgraded Rogers Communications from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$71.00 to C$78.00 in a report on Friday, January 4th. BMO Capital Markets increased their price objective on Rogers Communications from C$77.00 to C$78.00 in a report on Friday, January 25th. TD Securities increased their price objective on Rogers Communications from C$80.00 to C$85.00 and gave the stock an “action list buy” rating in a report on Friday, January 25th. Finally, Royal Bank of Canada increased their price objective on Rogers Communications from C$70.00 to C$73.00 in a report on Wednesday, January 9th.

Shares of RCI.B traded up C$0.09 during mid-day trading on Friday, reaching C$72.48. The company’s stock had a trading volume of 2,854,273 shares, compared to its average volume of 906,109. The firm has a market capitalization of $29.26 billion and a P/E ratio of 19.47. Rogers Communications has a 1 year low of C$55.67 and a 1 year high of C$70.08. The company has a quick ratio of 0.55, a current ratio of 0.72 and a debt-to-equity ratio of 202.44.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, April 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.76%. This is an increase from Rogers Communications’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 11th. Rogers Communications’s dividend payout ratio is presently 51.57%.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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Analyst Recommendations for Rogers Communications (TSE:RCI.B)

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