Are Rogers Comms (NYSE:RCI) Shares Worth Your Time and Dime Following Recent TD Securities Upgrade?


Rogers Comms (NYSE:RCI) Stock Upgrade

TD Securities gave Rogers Comms (NYSE:RCI) shares a new Buy rating in an interesting research report revealed on Friday morning. The increase from the last Hold rating is certainly an interesting one.

From a total of 10 analysts covering Rogers Comms (NYSE:RCI) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. Rogers Comms was the topic of 4 analyst reports since October 9, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs initiated shares on December 4 with “Neutral” rating. IBC upgraded RCI stock in a recent report from October 9 to “Sector Outperform” rating.

Approximately 413,916 shares of stock traded hands or 6.82% up from the average. Rogers Communications Inc. (USA) (NYSE:RCI) has declined 0.75% since May 8, 2015 and is downtrending. It has outperformed by 2.27% the S&P500.

The overall sentiment of institutions has increased to 0.86 in Q2 2015. Its up 0.10, from 0.76 in 2015Q2. The ratio improved, as 26 institutions have sold all the shares of Rogers Communications Inc. (USA) that they owned while 93 funds have taken shares off the table. 21 funds have purchased shares for the first time while 81 added to their positions. These institutions now hold 247.43 million shares or 1.23% more than the 244.42 million shares they owned in 2015Q2.

The Fund Beutel Goodman & Co Ltd. currently is holding shares equating to 8.44% of its total portfolio in Rogers Communications Inc. (USA) representing a total of 22.41 million shares. Another fund,Symons Capital Management Inc, is holding a total of 443,485 shares equating to 4.12% of their holdings. Additionally, Lincluden Management Ltd has a 599,492 share stake in Rogers Communications Inc. (USA) which represents 4% of their total portfolio. The Fund, Baskin Financial Services Inc., based out of Ontario – Canada, has also built up a stake in the stock, which represents a total of 3.45% of their total portfolio. Finally Scheer Rowlett & Associates Investment Management Ltd., a fund which is based in the state of Ontario – Canada reported a total holdings of 1.64 million shares.

Rogers Communications Inc. is a Canada communications and media company. The company has a market cap of $18.34 billion. The Firm operates through four divisions: Wireless, Cable, Business Solutions and Media. It has 18.03 P/E ratio. The Wireless segment offers wireless telecommunications activities for Canadian clients and businesses.

According to Zacks Investment Research, “Rogers Communications is Canada’s national communications company engaged in Digital PCS, cellular, messaging and data communications through Rogers AT&T Wireless; in cable television, high-speed Internet access and video retailing through Rogers Cable; and in radio and television broadcasting, tele-shopping, publishing and new media businesses through Rogers Media. Rogers AT&T Wireless is Canada’s largest national wireless communications service provider offering subscribers a broad spectrum of wireless communications products and services.” Get a free copy of the Zacks research report on Rogers Communications Inc. (USA) (RCI).