Rogers Communications (NYSE:RCI) Issues Quarterly Earnings Results

Rogers Communications (NYSE:RCI) (TSE:RCI.B) posted its quarterly earnings results on Thursday. The Wireless communications provider reported $1.04 earnings per share (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 Stock Up 0.9 %

RCI traded up $0.25 on Thursday, hitting $29.00. The company had a trading volume of 271,657 shares, compared to its average volume of 979,718. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64. Rogers Communications has a 52-week low of $27.63 and a 52-week high of $48.08. The stock has a fifty day simple moving average of $31.64 and a 200-day simple moving average of $36.24. The firm has a market capitalization of $15.50 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.04 and a beta of 0.69.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RCI. Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Barclays reiterated an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Finally, Morgan Stanley assumed coverage on shares of Rogers Communications in a report on Monday, December 16th. They set an “underweight” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications currently has a consensus rating of “Hold” and a consensus price target of $61.75.

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 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.