AGF Management Ltd. Sells 26,628 Shares of Rogers Communication, Inc. $RCI

AGF Management Ltd. lowered its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,773,793 shares of the Wireless communications provider’s stock after selling 26,628 shares during the quarter. AGF Management Ltd. owned about 0.33% of Rogers Communication worth $61,143,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of Nova Scotia increased its position in shares of Rogers Communication by 3.5% during the 2nd quarter. Bank of Nova Scotia now owns 8,279,443 shares of the Wireless communications provider’s stock valued at $245,489,000 after purchasing an additional 280,536 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Rogers Communication by 261.2% during the third quarter. CIBC Asset Management Inc now owns 2,102,076 shares of the Wireless communications provider’s stock worth $72,280,000 after acquiring an additional 1,520,062 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Rogers Communication in the 2nd quarter worth approximately $328,000. Fiera Capital Corp boosted its stake in shares of Rogers Communication by 56.1% in the 2nd quarter. Fiera Capital Corp now owns 78,335 shares of the Wireless communications provider’s stock valued at $2,322,000 after purchasing an additional 28,163 shares in the last quarter. Finally, JCIC Asset Management Inc. purchased a new stake in shares of Rogers Communication in the 3rd quarter valued at $4,253,000. 45.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RCI. TD Cowen reissued a “buy” rating on shares of Rogers Communication in a research note on Friday. Desjardins lowered Rogers Communication from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Morgan Stanley restated an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research report on Friday, December 26th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Rogers Communication in a research note on Monday, January 12th. Five investment 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.00.

Key Rogers Communication News

Here are the key news stories impacting Rogers Communication this week:

• Positive Sentiment: Q4 results: Rogers beat EPS expectations with $1.08 vs. a $0.98 consensus and reported higher adjusted EBITDA — a clear near-term earnings beat that supports valuation. Rogers Communications Q4 Earnings Beat
• Positive Sentiment: Revenue strength: Q4 revenue rose ~12–13% YoY, led by media, sports and telecom growth — revenue outperformance provides top?line momentum. Reuters: Revenue Above Estimates
• Positive Sentiment: Dividend boost: Board declared a $0.50 quarterly dividend (annualized yield ~5.2%), which supports income investors and can underpin the share price. Dividend Press Release
• Positive Sentiment: Technical/ratings lift: IBD upgraded Rogers B for improved price strength, which can attract momentum/technical traders. IBD Rating Upgrade
• Neutral Sentiment: Analyst stance mixed: Barclays maintained a Hold on RCI — a cautionary stance that may limit upside from the earnings beat. Barclays Hold Rating
• Neutral Sentiment: Earnings materials available: The company posted its earnings presentation and slide deck and held a call — useful for investors wanting management’s commentary on guidance, cash flow and capital allocation. Slide Deck / Call
• Neutral Sentiment: Peer comparison: Recent write-ups compare Rogers to international peers (e.g., Telefónica Brasil), which may influence relative valuation assessments but don’t change company fundamentals. Peer Comparison
• Negative Sentiment: YoY EPS decline and investor caution: EPS of $1.08 remains below last year’s $1.46, and some metrics raise questions about margin sustainability — this weaker year?over?year EPS and cautious broker views likely tempered buying despite the beat. MarketBeat Earnings Summary

Rogers Communication Trading Down 2.2%

Shares of NYSE:RCI opened at $37.74 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.61 and a quick ratio of 0.57. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $40.26. The company has a market cap of $20.39 billion, a P/E ratio of 4.08, a PEG ratio of 2.85 and a beta of 0.74. The stock’s fifty day moving average price is $37.14 and its 200-day moving average price is $36.38.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.10. The firm had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Rogers Communication had a net margin of 32.29% and a return on equity of 14.22%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share. Sell-side analysts expect that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

Rogers Communication Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Rogers Communication’s payout ratio is presently 15.46%.

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.