Rogers Communication Inc. (NYSE:RCI) (TSE:RCI.B) was upgraded by equities research analysts at TD Securities to a “buy” rating in a research note issued to investors on Monday.

A number of other research analysts have also commented on RCI. TheStreet upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, September 21st. Canaccord Genuity restated a “hold” rating on shares of Rogers Communication in a research report on Tuesday, July 19th. Barclays PLC set a $40.00 price target on shares of Rogers Communication and gave the company a “hold” rating in a research report on Friday, October 14th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $54.00 price target (up from $53.00) on shares of Rogers Communication in a research report on Tuesday, October 18th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$50.38.

Analyst Recommendations for Rogers Communication (NYSE:RCI)

Rogers Communication (NYSE:RCI) traded down 0.13% during mid-day trading on Monday, reaching $38.24. The company had a trading volume of 7,534 shares. Rogers Communication has a 12-month low of $32.50 and a 12-month high of $45.50. The firm has a 50-day moving average price of $40.75 and a 200 day moving average price of $41.00. The firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of 22.60 and a beta of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 12th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 5.01%. The ex-dividend date is Thursday, December 8th. Rogers Communication’s dividend payout ratio is presently 86.98%.

A number of hedge funds have recently bought and sold shares of RCI. Renaissance Technologies LLC increased its stake in Rogers Communication by 34.4% in the first quarter. Renaissance Technologies LLC now owns 537,500 shares of the company’s stock valued at $21,519,000 after buying an additional 137,700 shares in the last quarter. AMP Capital Investors Ltd increased its stake in Rogers Communication by 1.7% in the first quarter. AMP Capital Investors Ltd now owns 160,760 shares of the company’s stock valued at $6,485,000 after buying an additional 2,674 shares in the last quarter. Legal & General Group Plc increased its stake in Rogers Communication by 1.3% in the first quarter. Legal & General Group Plc now owns 1,942,128 shares of the company’s stock valued at $78,077,000 after buying an additional 24,694 shares in the last quarter. Natixis boosted its position in Rogers Communication by 77.8% in the first quarter. Natixis now owns 88,568 shares of the company’s stock worth $3,561,000 after buying an additional 38,750 shares during the last quarter. Finally, Barclays PLC boosted its position in Rogers Communication by 22.2% in the first quarter. Barclays PLC now owns 151,962 shares of the company’s stock worth $6,078,000 after buying an additional 27,630 shares during the last quarter. 49.65% of the stock is owned by institutional investors and hedge funds.

About Rogers Communication

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet and telephony services to consumers and businesses. The Company operates through four segments: Wireless, Cable, Business Solutions and Media. Its Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

5 Day Chart for NYSE:RCI

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