Rogers Communications (NYSE:RCI) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Rogers Communications (NYSE:RCI) (TSE:RCI.B) released its quarterly earnings results on Thursday. The Wireless communications provider reported $1.04 earnings per share for the quarter, topping 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 Price Performance

RCI traded up $0.25 during trading on Thursday, reaching $29.00. The stock had a trading volume of 271,657 shares, compared to its average volume of 979,718. The stock has a market cap of $15.50 billion, a PE ratio of 14.16, a PEG ratio of 1.04 and a beta of 0.69. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.64 and a current ratio of 0.68. Rogers Communications has a one year low of $27.63 and a one year high of $48.08. The business has a 50-day moving average of $31.64 and a 200-day moving average of $36.24.

Analysts Set New Price Targets

RCI has been the topic of several research analyst reports. Morgan Stanley initiated coverage on shares of Rogers Communications in a report on Monday, December 16th. They issued an “underweight” rating on the stock. Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Finally, Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.