Economy

Rogers Communication, Inc. (NASDAQ:RCI) Expected To Report Earnings On Thursday

Rogers Communication, Inc. (NASDAQ:RCI) Expected To Report Earnings On Thursday”

Barclays Capital maintained Rogers Communications Inc.

The stock decreased 1.86% or $0.92 during the last trading session, reaching $48.48. About 455,085 shares traded or 53.20% up from the average. Rogers Communications Inc. (NYSE:RCI) has risen 20.75% since January 25, 2017 and is uptrending. It has outperformed by 4.05% the S&P500. (AVY) by 29.06% based on its latest 2017Q3 regulatory filing with the SEC. Albert D Mason Inc who had been investing in Avery Dennison Corp. for a number of months, seems to be less bullish one the $10.57B market cap company. The stock increased 2.16% or $2.61 during the last trading session, reaching $123.5. About 468,688 shares traded or 57.78% up from the average. It was reported on Jan, 25 by Barchart.com. It has underperformed by 19.17% the S&P500. Zacks Investment Research raised shares of Rogers Communications from a hold rating to a buy rating and set a $59.00 target price on the stock in a report on Tuesday, October 24th. Therefore 44% are positive. Scotiabank reissued an outperform rating and issued a C$75.00 price target on shares of Rogers Communications in a research note on Friday, December 8th. The stock of Rogers Communications Inc. The rating was upgraded by TD Securities to "Buy" on Friday, December 11. The rating was downgraded by IBC to "Sector Perform" on Wednesday, April 5.

Rogers media division posted a decline in revenue and profit this quarter, given the Toronto Blue Jays did not make the post season in 2017 and the shift to digital media. Cumberland Partners Ltd purchased a new position in shares of Rogers Communications in the third quarter valued at approximately $245,000. The firm has "Outperform" rating by Macquarie Research given on Tuesday, October 20. Renaissance Technologies LLC boosted its holdings in shares of Rogers Communications by 41.6% during the 2nd quarter. (NYSE:RCI) for 1.46M shares. (NYSE:RCI) earned "Neutral" rating by Goldman Sachs on Friday, December 4. The company has a market capitalization of $25,668.43, a PE ratio of 26.14, a P/E/G ratio of 3.22 and a beta of 0.92.

Natale told investors on a conference call, "Our growth was largely delivered by wireless", noting service revenue saw full-year 2017 growth of 7 per cent, adding "These are the best wireless financial results we have seen since 2009". Its down 0.10, from 1.12 in 2017Q2. (NYSE:RCI) for 60,577 shares. The Tobam holds 63,600 shares with $3.27 million value, down from 115,700 last quarter. Teton Advsr Inc has invested 0.15% in Progress Software Corporation (NASDAQ:PRGS). Art Lc has invested 0.06% in Rogers Communications Inc. Commonwealth Equity Svcs holds 0% or 7,802 shares. (NYSE:RCI). Wellington Management Grp Llp holds 147,155 shares. Pacad Investment Ltd reported 0.01% stake. Omers Administration Corporation accumulated 1.53% or 2.61M shares. Bessemer Gp accumulated 46 shares or 0% of the stock. Greystone Managed Investments owns 1.69% invested in Rogers Communications Inc. 5,723 were reported by Verition Fund Mgmt Ltd Liability. Vanguard Group Incorporated Inc holds 4.41M shares or 0.01% of its portfolio. Federated Invsts Pa holds 68,807 shares or 0.01% of its portfolio. Virginia Retirement System Et Al reported 0.01% in Rogers Communications Inc.

Rogers Communications (TSE:RCI.B) (NYSE:RCI) had its price objective cut by National Bank Financial from C$71.00 to C$67.00 in a report published on Monday morning.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.05, from 0.97 in 2017Q2. 37 funds opened positions while 61 raised stakes. Institutional investors own 47.32% of the company's stock. Art Advsrs Llc holds 0.06% or 23,549 shares in its portfolio. 979,978 are owned by Scheer Rowlett Assoc Inv. Bnp Paribas Asset Mgmt Holdg Sa owns 61,458 shares or 0.03% of their U.S. portfolio.

Bluecrest Capital Management Ltd decreased Columbia Bkg Sys Inc (NASDAQ:COLB) stake by 62,835 shares to 8,459 valued at $356,000 in 2017Q3. It also increased its holding in Cummins Inc. (NYSE:CMI) by 2,355 shares in the quarter, for a total of 5,707 shares, and has risen its stake in Johnson Controls International. They expect $0.68 EPS, up 30.77% or $0.16 from last year's $0.52 per share. RCI's profit would be $345.02 million giving it 18.33 P/E if the $0.68 EPS is correct.

The results exceeded Wall Street expectations.



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