Rogers Communications (NYSE:RCI) Issues Earnings Results

Rogers Communications (NYSE:RCI) (TSE:RCI.B) released its quarterly earnings results on Thursday. The Wireless communications provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07, Zacks reports. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%.

Rogers Communications Trading Down 0.4 %

Shares of NYSE:RCI opened at $28.62 on Friday. The business has a 50-day moving average price of $31.51 and a 200-day moving average price of $36.19. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.07 and a beta of 0.69. Rogers Communications has a 52-week low of $27.63 and a 52-week high of $48.08. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of Rogers Communications in a research report on Monday, December 16th. They set an “underweight” rating for the company. Bank of America downgraded Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Finally, Barclays reiterated an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rogers Communications presently has an average rating of “Hold” and an average price target of $61.75.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.