DekaBank Deutsche Girozentrale raised its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 402.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,202,595 shares of the Wireless communications provider’s stock after acquiring an additional 963,247 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Rogers Communications were worth $63,835,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in Rogers Communications by 34.2% during the first quarter. Signaturefd LLC now owns 1,780 shares of the Wireless communications provider’s stock worth $96,000 after buying an additional 454 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Rogers Communications by 26.5% during the first quarter. Quadrant Capital Group LLC now owns 2,163 shares of the Wireless communications provider’s stock worth $111,000 after buying an additional 453 shares in the last quarter. Exane Derivatives boosted its holdings in Rogers Communications by 107.0% during the first quarter. Exane Derivatives now owns 2,070 shares of the Wireless communications provider’s stock worth $111,000 after buying an additional 1,070 shares in the last quarter. Sound View Wealth Advisors LLC bought a new stake in Rogers Communications during the first quarter worth approximately $202,000. Finally, Qtron Investments LLC bought a new stake in Rogers Communications during the first quarter worth approximately $238,000. Institutional investors own 44.65% of the company’s stock.
Rogers Communications stock opened at $51.67 on Wednesday. The business has a 50 day moving average price of $53.11. Rogers Communications Inc. has a 52 week low of $48.67 and a 52 week high of $55.93. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.94. The firm has a market cap of $26.61 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be paid a $0.3732 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, September 6th. Rogers Communications’s dividend payout ratio is 44.18%.
A number of brokerages recently weighed in on RCI. Scotiabank cut shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Monday, April 22nd. Desjardins upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Echelon Wealth Partners upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets reduced their target price on shares of Rogers Communications from $81.00 to $79.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Zacks Investment Research cut shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $56.00 target price for the company. in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.18.
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 Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.
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