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NYSE:RCI

Rogers Communications (RCI) Stock Price, News & Analysis

$39.44
-0.43 (-1.08%)
(As of 05/20/2024 ET)
Today's Range
$39.14
$39.90
50-Day Range
$37.44
$43.66
52-Week Range
$36.55
$49.11
Volume
818,990 shs
Average Volume
632,024 shs
Market Capitalization
$20.84 billion
P/E Ratio
49.29
Dividend Yield
3.73%
Price Target
$46.00

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.6% Upside
$46.00 Price Target
Short Interest
Bearish
1.67% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
1.47mentions of Rogers Communications in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.81%
From $3.64 to $4.07 Per Share

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.

4.43 out of 5 stars

Consumer Discretionary Sector

36th out of 266 stocks

Cable & Other Pay Television Services Industry

4th out of 17 stocks

RCI stock logo

About Rogers Communications Stock (NYSE:RCI)

Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and monitoring, security, automation, energy efficiency, and smart control through smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; voice, data networking, Internet protocol (IP), and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 52 AM and FM radio stations. It also offers Rogers and the Rogers World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada.

RCI Stock Price History

RCI Stock News Headlines

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Company Calendar

Ex-Dividend for 4/3 Dividend
3/08/2024
Dividend Payable
4/03/2024
Last Earnings
4/24/2024
Today
5/20/2024
Ex-Dividend for 7/5 Dividend
6/10/2024
Dividend Payable
7/05/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Employees
26,000
Year Founded
1960

Price Target and Rating

Average Stock Price Target
$46.00
High Stock Price Target
$46.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+16.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$628.94 million
Pretax Margin
4.94%

Debt

Sales & Book Value

Annual Sales
$14.18 billion
Cash Flow
$9.11 per share
Book Value
$14.63 per share

Miscellaneous

Free Float
375,283,000
Market Cap
$20.84 billion
Optionable
Optionable
Beta
0.62

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Key Executives

  • Mr. Anthony Staffieri FCA (Age 59)
    FCPA, President, CEO & Director
    Comp: $2.38M
  • Mr. Glenn A. Brandt
    Chief Financial Officer
  • Mr. Mahes S. Wickramasinghe (Age 66)
    President of Group Operations
    Comp: $1.32M
  • Mr. Philip J. Hartling
    President of Wireless
  • Ms. Colette S. Watson
    President of Rogers Sports & Media
  • Mr. Ronald E. McKenzie
    Chief Technology & Information Officer
  • Mr. Paul Carpino
    Vice President of Investor Relations
  • Ms. Marisa L. Wyse
    Chief Legal Officer & Corporate Secretary
  • Ms. Terrie L. Tweddle
    Chief Brand & Communications Officer
  • Ms. Marisa Fabiano
    Chief Human Resources Officer

RCI Stock Analysis - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RCI shares.
View RCI analyst ratings
or view top-rated stocks.

What is Rogers Communications' stock price target for 2024?

3 equities research analysts have issued 1 year price objectives for Rogers Communications' shares. Their RCI share price targets range from $46.00 to $46.00. On average, they predict the company's stock price to reach $46.00 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for RCI
or view top-rated stocks among Wall Street analysts.

How have RCI shares performed in 2024?

Rogers Communications' stock was trading at $46.81 on January 1st, 2024. Since then, RCI stock has decreased by 15.8% and is now trading at $39.4350.
View the best growth stocks for 2024 here
.

Are investors shorting Rogers Communications?

Rogers Communications saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 6,280,000 shares, an increase of 18.7% from the April 15th total of 5,290,000 shares. Based on an average trading volume of 718,300 shares, the days-to-cover ratio is currently 8.7 days. Currently, 1.7% of the shares of the stock are short sold.
View Rogers Communications' Short Interest
.

When is Rogers Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our RCI earnings forecast
.

How were Rogers Communications' earnings last quarter?

Rogers Communications Inc. (NYSE:RCI) released its earnings results on Wednesday, April, 24th. The Wireless communications provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The Wireless communications provider had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.64 billion. Rogers Communications had a net margin of 2.90% and a trailing twelve-month return on equity of 21.92%.

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

Rogers Communications announced a quarterly dividend on Thursday, April 25th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.3658 per share on Friday, July 5th. This represents a $1.46 annualized dividend and a yield of 3.71%. The ex-dividend date is Monday, June 10th.
Read our dividend analysis for RCI
.

Is Rogers Communications a good dividend stock?

Rogers Communications (NYSE:RCI) pays an annual dividend of $1.47 per share and currently has a dividend yield of 3.69%. The dividend payout ratio is 183.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RCI will have a dividend payout ratio of 36.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RCI.

What is Joe Natale's approval rating as Rogers Communications' CEO?

788 employees have rated Rogers Communications Chief Executive Officer Joe Natale on Glassdoor.com. Joe Natale has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Rogers Communications own?
Who are Rogers Communications' major shareholders?

Rogers Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc (2.18%), 1832 Asset Management L.P. (2.12%), National Bank of Canada FI (1.05%), Toronto Dominion Bank (0.78%), Burgundy Asset Management Ltd. (0.37%) and Value Partners Investments Inc. (0.30%).

How do I buy shares of Rogers Communications?

Shares of RCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Rogers Communications have any subsidiaries?
The following companies are subsidiares of Rogers Communications: Atria Networks, Aurora Cable, BLACKIRON Data, Brave Commerce, Cable Atlantic, Cable Cable, Mobilicity, Mountain Cablevision, Pivot Data Center, Rogers Communications Canada Inc., Rogers Media Inc., Rogers Sportsnet, and Ruralwave.
Read More
This page (NYSE:RCI) was last updated on 5/21/2024 by MarketBeat.com Staff

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