In a research update to clients today, Goff maintained his "Buy" rating, but raised his one-year price target on Rogers Communications from $62.00 to $67.00, implying a return of 12.2 per cent at the time of publication.
He said Rogers has made some "inroads" on customer service in recent years, adding, "There's definitely more work to do, but there are signs of good progress". Finally, Royal Bank of Canada downgraded shares of Rogers Communications from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $56.00 to $55.00 in a research note on Monday, January 9th.
10/22/2015 - Rogers Communication, Inc. was upgraded to "outperform" by analysts at BMO Capital Markets. Meanwhile, post the release Canaccord Genuity assigned a BUY rating on the stock with a $60 price target. The Wireless communications provider reported $0.46 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.03.
The net income was equal to 57 cents per share, up from 45 cents per share in the same quarter the previous year. Revenues rose 3 percent to CAD 3.338 billion, as 7 percent growth in Wireless and 6 percent in Media revenues offset flat revenues from the cable business.
10/18/2016 - Rogers Communication, Inc. had its "outperform" rating reiterated by analysts at Scotiabank. Nexus Investment Management Inc. now owns 16,165 shares of the Wireless communications provider's stock worth $714,000 after buying an additional 415 shares during the period.
Stock On Watchlist: Fulton Financial Corporation (NASDAQ:FULT) Price Target Watch
If you are viewing this story on another website, it was stolen and reposted in violation of global trademark & copyright laws. Sargent sold 15,192 shares of Fulton Financial Corporation stock in a transaction that occurred on Monday, November 14th.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 4th.
The share price of Rogers Communication, Inc.
On top of operational decisions, investors will be waiting for Rogers under Mr. Natale to resume dividend growth. This indicates a $1.92 annualized dividend and a dividend yield of 4.18%. Rogers Communications's dividend payout ratio is 116.26%. The company now has an average rating of "Hold" and a consensus target price of $54.43. If you are viewing this story on another publication, it was copied illegally and republished in violation of USA & global trademark and copyright legislation. Supported by wireless and media segment growth, Net income and adjusted net income increased 28% and 34%, to $294 million and $329 million respectively.
Rogers Communications Inc.is a communications and media company. RCI is the first Canadian telecom company to launch this sort of time-saving tool, which allows customers to track on their phone when a technician will arrive for an installation or service call. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.