Rogers Communication, Inc. $RCI Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,413,534 shares of the Wireless communications provider’s stock after selling 406,916 shares during the period. TD Waterhouse Canada Inc. owned 0.45% of Rogers Communication worth $83,073,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC grew its holdings in shares of Rogers Communication by 143.2% during the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after buying an additional 978 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Rogers Communication by 106.2% in the second quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 1,005 shares during the period. MAI Capital Management increased its position in Rogers Communication by 30.5% during the second quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 458 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Rogers Communication by 52.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 683 shares during the last quarter. Finally, Tobam lifted its holdings in Rogers Communication by 148.6% in the second quarter. Tobam now owns 4,005 shares of the Wireless communications provider’s stock valued at $119,000 after acquiring an additional 2,394 shares during the last quarter. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RCI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a report on Friday, December 26th. Morgan Stanley reaffirmed an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th. Barclays restated a “positive” rating and set a $37.00 price target on shares of Rogers Communication in a research report on Tuesday. Desjardins cut Rogers Communication from a “buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rogers Communication presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Stock Performance

NYSE:RCI opened at $36.28 on Thursday. Rogers Communication, Inc. has a 12 month low of $23.18 and a 12 month high of $40.26. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.62 and a quick ratio of 0.59. The firm has a market capitalization of $19.60 billion, a PE ratio of 4.03, a price-to-earnings-growth ratio of 2.76 and a beta of 0.75. The business’s fifty day moving average price is $37.13 and its 200 day moving average price is $36.30.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.