Customer service a priority for new Rogers CEO

A man walks by a Rogers store in Toronto

Rockland Trust Co. reduced its stake in shares of Rogers Communications Inc.

The telecommunications giant said Tuesday it had $294 million of net income for the period ended March 31, up from $230 million in the same quarter a year ago. Rogers Comms had 9 analyst reports since October 9, 2015 according to SRatingsIntel. Desjardins lowered their price target on shares of Rogers Communications from C$61.00 to C$57.50 in a report on Wednesday, December 21st. US Bancorp DE increased its stake in shares of Rogers Communications by 5.2% in the third quarter.

Rogers Communications on Tuesday posted a first-quarter profit up almost 28% on the eve of official entry to the new CEO, Joe Natale.

General Information About Rogers Communications Inc.

10/22/2015 - Rogers Communication, Inc. was upgraded to "outperform" by analysts at BMO Capital Markets.

Rogers Communications Inc. has a 12-month low of $37.03 and a 12-month high of $47.42. About 16.98 million shares traded or 29.72% up from the average. The firm has a 50-day moving average price of $43.27 and a 200 day moving average price of $41.05.

Rogers Communications (NYSE:RCI) last posted its earnings results on Tuesday, April 18th. The fund acquired 3,800 shares of the Wireless communications provider's stock, valued at approximately $168,000.

The company's revenues were $ 3.338 billion, up from $ 3.24 billion in the first quarter of past year. Rogers Communications had a net margin of 6.26% and a return on equity of 25.46%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. ("Rogers") announced today that its Board of Directors declared a quarterly dividend totaling 48 cents per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $1.92 annualized dividend and a yield of 4.15%. Rogers Communications's dividend payout ratio (DPR) is 116.26%.

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Several other brokerages also recently weighed in on RCI.B. See Rogers Communications Inc. Scotiabank upped their price objective on Rogers Communications from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 12th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Deutsche Bank downgraded the stock to "Hold" rating in Monday, March 21 report.

The new chief executive of Rogers Communications Inc. says the company "definitely" has more work to when it comes to customer service, which will be a focus for him. Cable revenue was stable in the quarter, as declines in television and landline phone billings were offset by strong Internet revenue growth. Its segments include Wireless, Cable, Business Solutions and Media.

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