United Capital Financial Advisers LLC Purchases 2,067 Shares of Rogers Communications Inc. (NYSE:RCI)

United Capital Financial Advisers LLC raised its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,008 shares of the Wireless communications provider’s stock after acquiring an additional 2,067 shares during the period. United Capital Financial Advisers LLC’s holdings in Rogers Communications were worth $1,767,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of 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 acquiring an additional 454 shares during the period. Neuburgh Advisers LLC boosted its holdings in shares of Rogers Communications by 12.2% during the second quarter. Neuburgh Advisers LLC now owns 2,352 shares of the Wireless communications provider’s stock worth $121,000 after acquiring an additional 256 shares during the period. Glen Harbor Capital Management LLC boosted its holdings in shares of Rogers Communications by 12.2% during the second quarter. Glen Harbor Capital Management LLC now owns 3,234 shares of the Wireless communications provider’s stock worth $166,000 after acquiring an additional 352 shares during the period. Sound View Wealth Advisors LLC bought a new stake in shares of Rogers Communications during the first quarter worth approximately $202,000. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Rogers Communications by 11.9% during the second quarter. Riverhead Capital Management LLC now owns 3,765 shares of the Wireless communications provider’s stock worth $194,000 after acquiring an additional 400 shares during the period. Institutional investors own 51.24% of the company’s stock.

Shares of RCI stock traded up $0.03 during trading on Thursday, hitting $50.67. The company had a trading volume of 17,370 shares, compared to its average volume of 390,954. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.71 and a current ratio of 0.79. The firm has a market capitalization of $25.85 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The stock’s 50-day moving average price is $50.67 and its 200 day moving average price is $52.26. Rogers Communications Inc. has a one year low of $48.56 and a one year high of $55.93.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Tuesday, July 23rd. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.02). The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.87 billion. Rogers Communications had a net margin of 13.79% and a return on equity of 26.66%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. On average, research analysts anticipate that Rogers Communications Inc. will post 3.39 earnings per share for the current fiscal year.

RCI has been the subject of several recent research reports. BMO Capital Markets cut their price target on Rogers Communications from $81.00 to $79.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Echelon Wealth Partners upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut Rogers Communications from a “neutral” rating to an “underweight” rating in a research note on Monday, July 8th. Zacks Investment Research cut Rogers Communications from a “buy” rating to a “hold” rating and set a $56.00 price target for the company. in a research note on Friday, July 26th. Finally, ValuEngine cut Rogers Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Rogers Communications presently has a consensus rating of “Hold” and an average target price of $60.18.

Rogers Communications Profile

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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Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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