Rogers Communications Stock Price Up 4.3% Following Better-Than-Expected

While the company no longer tallies postpaid ARPU (Average Revenue Per User), it reported a four percent uptick in Average Revenue Per Account (ARPA) over previous year to $113.34. (NYSE:RCI) today as the stock opened the current trading session at 37.58 and at the time of writing the last Bid was at 37.59. Post opening the session at $37.78, the shares hit an intraday low of $37.68 and an intraday high of $37.99 and the price vacillated in this range throughout the day. The company has a market cap of $19,493 million.

The company noted that since the launch of Rogers 3.0 plan, it has completed a company-wide reorganization that included removing three layers of management and a restructuring to ensure an enhanced customer focus.

Adjusted operating profit was up 3%, and free cash flow came to $660M off operating cash flow of $1.46B. The ex-dividend date of this dividend was Wednesday, September 9th.

A number of research analysts have issued reports on the company. Zacks downgraded Rogers Communications from a "hold" rating to a "sell" rating in a research note on Friday, June 26th. National Bank Financial upgraded Rogers Communications from a "sector perform under weight" rating to an "underperform underweight" rating in a research report on Monday. Macquarie upgraded Rogers Communications from a "neutral" rating to an "outperform" rating in a report on Tuesday.

The firm has a 50-day moving average price of $35.13 and a 200 day moving average price of $34.86. Finally, cut Rogers Communications from a "sector perform" rating to a "sell" rating in a research note on Monday.

Rogers Communication, Inc. (NYSE:RCI): The mean estimate for the short term price target for Rogers Communication, Inc. The Companys business segments include Wireless, Cable, Business Solutions (RBS) and Media. Business Solutions (RBS) refers to its operations that offer wired telephony, data networking and IP services for Canadian businesses and governments, as well as making a few of these offerings available on a wholesale basis to other telecommunications providers, carried on by RCP. 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.