Rogers Communications (USA) (RCI) is Reiterated by RBC Capital Mkts to Outperform, Lowers Price Target to $ 54

Rogers Communications (USA) (RCI) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 54 from a previous price target of $55 . RBC Capital Mkts advised their investors in a research report released on Apr 19, 2016.

On the company’s financial health, Rogers Communications (USA) reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 18, 2016. Analyst had a consensus of $0.53. The company had revenue of $3245.00 million for the quarter, compared to analysts expectations of $3242.93 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Rogers Communications (USA) opened for trading at $38.86 and hit $39.45 on the upside on Monday, eventually ending the session at $39.17, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 2,13,334 shares. Company has a market cap of $20,163 M.

Rogers Communications Inc. is a Canada-based communications and media company. The Company operates through four segments: Wireless Cable Business Solutions and Media. The Wireless segment offers wireless telecommunications operations for Canadian consumers and businesses. The Cable segment offers Cable telecommunications operations including Internet television and telephony (phone) for Canadian consumers and businesses. The Business Solutions segment offers Network connectivity through its fiber network and data center assets to support a range of voice data networking hosting and cloud-based services for small medium and large Canadian businesses governments and on a wholesale basis to other telecommunications providers. The Media segment offers portfolio of media properties including television and radio broadcasting specialty channels digital media multi-platform shopping publishing and sports media and entertainment.

Rogers Communications  (USA)

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