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TSE:RCI.B

Rogers Communications (RCI.B) Stock Price, News & Analysis

C$51.93
-0.19 (-0.36%)
(As of 06/14/2024 ET)
Today's Range
C$51.16
C$52.10
50-Day Range
C$51.52
C$55.17
52-Week Range
C$50.15
C$64.71
Volume
1.26 million shs
Average Volume
1.55 million shs
Market Capitalization
C$21.82 billion
P/E Ratio
48.08
Dividend Yield
3.85%
Price Target
C$72.96

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
40.5% Upside
C$72.96 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.30mentions of Rogers Communications in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.97 out of 5 stars

RCI.B stock logo

About Rogers Communications Stock (TSE:RCI.B)

Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses. It provides its services to approximately 10.8 million subscribers. The Cable segment provides high-speed Internet, television, voice communication, and smart home monitoring services to consumers, businesses, governments, and wholesale resellers; and operates a transcontinental fiber-optic network that extends approximately 70,000 route kilometers, which provides voice and data communications and advanced services, including data centers and cloud computing to the enterprise, public sector, and carrier wholesale markets. Its service territory covers approximately 4.4 million homes. The Media segment owns the Toronto Blue Jays league baseball team and the Rogers Centre event venue; and offers television and radio broadcasting, multi-platform shopping experience, digital media, and publishing services. Rogers Communications Inc. was founded in 1920 and is based in Toronto, Canada.

RCI.B Stock Price History

RCI.B Stock News Headlines

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Industry, Sector and Symbol

Industry
Telecom Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$72.96
High Stock Price Target
C$86.00
Low Stock Price Target
C$63.00
Potential Upside/Downside
+40.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
C$594 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$20.37 billion
Cash Flow
C$1.14 per share
Book Value
C$19.97 per share

Miscellaneous

Free Float
N/A
Market Cap
C$21.82 billion
Optionable
Not Optionable
Beta
0.56
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Key Executives

  • Mr. Joseph M. Natale (Age 55)
    Pres, CEO & Director
  • Mr. Anthony Staffieri F.C.A.
    FCPA, FCA, Chief Financial Officer
  • Mr. Jorge Capelas Fernandes
    Chief Technology & Information Officer
  • Mr. Dean L. Prevost
    Pres of Rogers for Bus.
  • Mr. Brent R. Johnston
    Pres of Wireless Division

Should I Buy Rogers Communications Stock? RCI.B Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Rogers Communications Inc.:

  • Rogers Communications Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a diversified business portfolio, including telecommunications, media, and sports, which can provide stability and growth opportunities.
  • Rogers Communications Inc. recently launched innovative 5G services, positioning itself at the forefront of the telecommunications industry's technological advancements.
  • The current stock price of Rogers Communications Inc. is undervalued compared to its peers, presenting a potential buying opportunity for investors.
  • Rogers Communications Inc. has a solid track record of paying dividends, offering investors a reliable income stream.

Cons

Investors should be bearish about investing in Rogers Communications Inc. for these reasons:

  • Rogers Communications Inc. faces intense competition in the telecommunications sector, which could impact its market share and profitability.
  • The company's high debt levels may pose a risk, especially in times of economic uncertainty or rising interest rates.
  • Regulatory changes in the telecommunications industry could affect Rogers Communications Inc.'s operations and profitability.
  • Rogers Communications Inc. has experienced some customer service issues in recent months, potentially impacting its reputation and customer retention.
  • The overall economic environment, including factors like inflation and interest rates, could influence Rogers Communications Inc.'s financial performance and stock price.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Rogers Communications pros and cons to contact@marketbeat.com.

RCI.B Stock Analysis - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RCI.B shares.
View RCI.B analyst ratings
or view top-rated stocks.

What is Rogers Communications' stock price target for 2024?

8 brokers have issued 12-month target prices for Rogers Communications' stock. Their RCI.B share price targets range from C$63.00 to C$86.00. On average, they anticipate the company's share price to reach C$72.96 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price.
View analysts price targets for RCI.B
or view top-rated stocks among Wall Street analysts.

How have RCI.B shares performed in 2024?

Rogers Communications' stock was trading at C$62.03 at the beginning of 2024. Since then, RCI.B stock has decreased by 16.3% and is now trading at C$51.93.
View the best growth stocks for 2024 here
.

How often does Rogers Communications pay dividends? What is the dividend yield for Rogers Communications?

Rogers Communications announced a quarterly dividend on Thursday, September 7th. Investors of record on Tuesday, October 3rd will be paid a dividend of 0.50 per share on Tuesday, October 3rd. This represents a $2.00 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for RCI.B
.

Is Rogers Communications a good dividend stock?

Rogers Communications (TSE:RCI.B) pays an annual dividend of C$2.00 per share and currently has a dividend yield of 3.69%. The dividend payout ratio is 185.19%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for RCI.B.

How do I buy shares of Rogers Communications?

Shares of RCI.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:RCI.B) was last updated on 6/15/2024 by MarketBeat.com Staff

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