Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) – Equities research analysts at Cormark issued their Q2 2017 earnings estimates for shares of Rogers Communication in a research note issued to investors on Wednesday. Cormark analyst D. Mcfadgen forecasts that the Wireless communications provider will earn $0.70 per share for the quarter.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Rogers Communication from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. CIBC lowered shares of Rogers Communication from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Canaccord Genuity set a $66.00 target price on shares of Rogers Communication and gave the company a “buy” rating in a research report on Wednesday, April 19th. Finally, BidaskClub upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Rogers Communication has a consensus rating of “Buy” and an average price target of $54.67.

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Rogers Communication (NYSE:RCI) opened at 48.44 on Friday. Rogers Communication has a 12-month low of $37.03 and a 12-month high of $48.74. The company has a 50-day moving average of $46.72 and a 200 day moving average of $43.50. The company has a market capitalization of $24.94 billion, a P/E ratio of 36.10 and a beta of 0.85.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Tuesday, April 18th. The Wireless communications provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.37 billion. Rogers Communication had a net margin of 6.56% and a return on equity of 26.98%. Rogers Communication’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS.

Several institutional investors have recently bought and sold shares of RCI. Creative Planning increased its position in Rogers Communication by 7.8% in the second quarter. Creative Planning now owns 2,391 shares of the Wireless communications provider’s stock valued at $113,000 after buying an additional 173 shares during the period. US Bancorp DE increased its position in Rogers Communication by 8.8% in the first quarter. US Bancorp DE now owns 3,429 shares of the Wireless communications provider’s stock valued at $152,000 after buying an additional 278 shares during the period. Comerica Bank increased its position in Rogers Communication by 1.3% in the first quarter. Comerica Bank now owns 23,199 shares of the Wireless communications provider’s stock valued at $1,068,000 after buying an additional 299 shares during the period. World Asset Management Inc increased its position in Rogers Communication by 1.6% in the first quarter. World Asset Management Inc now owns 25,069 shares of the Wireless communications provider’s stock valued at $1,109,000 after buying an additional 403 shares during the period. Finally, Nexus Investment Management Inc. increased its position in Rogers Communication by 2.6% in the first quarter. Nexus Investment Management Inc. now owns 16,165 shares of the Wireless communications provider’s stock valued at $714,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 48.73% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 4th. Shareholders of record on Monday, June 12th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.96%. Rogers Communication’s payout ratio is currently 108.40%.

About Rogers Communication

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.

Earnings History and Estimates for Rogers Communication (NYSE:RCI)

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