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Top-Rated Dividend StocksTop-Rated Dividend

Rogers Communications Stock Price, News & Analysis (NYSE:RCI)

$46.00
+1.23 (+2.75%)
(As of 11:09 AM ET)
Compare
Today's Range
$45.21
▼
$46.11
50-Day Range
$36.76
▼
$44.81
52-Week Range
$36.55
▼
$50.16
Volume
93,856 shs
Average Volume
334,797 shs
Market Capitalization
$24.31 billion
P/E Ratio
31.08
Dividend Yield
3.22%
Price Target
$72.33
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
61.5% Upside
$72.33 Price Target
Short Interest
Bearish
1.76% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.84mentions of Rogers Communications in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.41%
From $3.17 to $3.50 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.65 out of 5 stars

Consumer Discretionary Sector

45th out of 254 stocks

Cable & Other Pay Television Services Industry

6th out of 20 stocks

See Top Rated MarketRank™ Stocks Here

RCI stock logo

About Rogers Communications Stock (NYSE:RCI)

Rogers Communications Inc. operates as a communications and media company in North America. 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 services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and smart home monitoring services, such as monitoring, security, automation, energy efficiency, and smart control through a 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; 4K television programming; and seasonal games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Further, it provides residential and small business local telephony services; calling features, such as voicemail, call waiting, and long distance; voice, data networking, Internet protocol, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology (IT) and network technologies; cable access network services; and telecommunications technical consulting services. 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 54 AM and FM radio stations. Rogers Communications Inc. was founded in 1960 and is headquartered in Toronto, Canada.

RCI Stock Price History

RCI Stock News Headlines

December 4, 2023 | msn.com
Rogers Communications ordered to provide records to Canada's Competition Bureau
December 2, 2023 | finance.yahoo.com
We Wouldn't Be Too Quick To Buy Rogers Communications Inc. (TSE:RCI.B) Before It Goes Ex-Dividend
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Rogers Communications Inc. (NYSE:RCI) Receives $72.33 Average Price Target from Analysts
November 30, 2023 | finance.yahoo.com
Rogers Acquires 3800 MHz 5G Spectrum Across Canada
November 20, 2023 | finance.yahoo.com
Rogers Communication (RCI) Deploys 5G in All TTC Subway Station
November 17, 2023 | theglobeandmail.com
Rogers turns on cell service at remaining TTC subway stations for its own customers
November 17, 2023 | finance.yahoo.com
Rogers Turns on 5G Service for Its Customers at All TTC Subway Stations
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November 16, 2023 | theglobeandmail.com
Rogers calls ex-CEO Natale’s allegation that company altered board minutes ‘false’
November 10, 2023 | finance.yahoo.com
Rogers Communications (RCI) Q3 Earnings Beat, Revenues Rise Y/Y
November 10, 2023 | finance.yahoo.com
Rogers Communications Inc. (NYSE:RCI) Q3 2023 Earnings Call Transcript
November 9, 2023 | ca.finance.yahoo.com
Rogers reports loss for third quarter despite jump in revenue
November 9, 2023 | finance.yahoo.com
Rogers Communication (RCI) Reports Q3 Earnings: What Key Metrics Have to Say
November 9, 2023 | finance.yahoo.com
UPDATE 1-Canada's Rogers posts revenue jump as wireless subscribers grow
November 7, 2023 | ca.finance.yahoo.com
Rogers launches mobile plans for low-income Canadians
November 6, 2023 | finance.yahoo.com
Dish Network (DISH) Reports Q3 Loss, Misses Revenue Estimates
October 31, 2023 | theglobeandmail.com
Closing Bell: Rogers Communications Inc Cl B NV flat on Tuesday (RCI-B)
October 27, 2023 | finance.yahoo.com
Charter Communications (CHTR) Beats Q3 Earnings Estimates
October 19, 2023 | theglobeandmail.com
Rogers Communications: Top 25 Undervalued Dividend Stocks on TSX (RCI-B)
October 13, 2023 | markets.businessinsider.com
Desjardins Sticks to Its Hold Rating for Rogers Communication (RCI)
October 12, 2023 | finance.yahoo.com
Billionaire Rogers Family Heirs Sue Company in Board Fight
October 11, 2023 | seekingalpha.com
Hidden Assets And Improved Cash Flow Make Rogers Communications A Buy
October 3, 2023 | theglobeandmail.com
Melinda Rogers-Hixon exits Maple Leaf Sports and Entertainment board amid ownership skirmish
October 2, 2023 | theglobeandmail.com
Rogers expands TTC subway wireless network access to customers at other carriers
October 2, 2023 | finance.yahoo.com
Rogers Welcomes All Riders to the TTC 5G Network
September 29, 2023 | finance.yahoo.com
Is Rogers Communications Inc.'s (TSE:RCI.B) 13% ROE Worse Than Average?
See More Headlines
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Company Calendar

Ex-Dividend for 10/3 Dividend
9/07/2023
Dividend Payable
10/03/2023
Last Earnings
11/09/2023
Today
12/06/2023
Ex-Dividend for 1/2 Dividend
12/07/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
2/01/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Cable & other pay television services
Sub-Industry
N/A
Sector
Consumer Discretionary
Current Symbol
NYSE:RCI
CUSIP
N/A
CIK
733099
Web
www.rogers.com
Phone
416-935-7777
Fax
416-935-3597
Employees
22,000
Year Founded
1960

Price Target and Rating

Average Stock Price Target
$72.33
High Stock Price Target
$80.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+61.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.48
Trailing P/E Ratio
30.27
Forward P/E Ratio
14.13
P/E Growth
1.42
Net Income
$1.29 billion
Net Margins
5.64%
Pretax Margin
8.49%
Return on Equity
21.47%
Return on Assets
3.64%

Debt

Debt-to-Equity Ratio
3.77
Current Ratio
0.90
Quick Ratio
0.85

Sales & Book Value

Annual Sales
$11.84 billion
Price / Sales
2.00
Cash Flow
$6.96 per share
Price / Cash Flow
6.44
Book Value
$15.37 per share
Price / Book
2.91

Miscellaneous

Outstanding Shares
528,570,000
Free Float
375,283,000
Market Cap
$23.68 billion
Optionable
Optionable
Beta
0.60

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Key Executives

  • Mr. Anthony Staffieri FCA (Age 58)
    FCPA, President, CEO & Director
    Comp: $3.28M
  • Mr. Glenn A. Brandt
    Chief Financial Officer
  • Mr. Ronald E. McKenzie
    Chief Technology & Information Officer
  • Mr. Mahes S. Wickramasinghe (Age 65)
    Chief Commercial Officer
    Comp: $1.15M
  • Mr. Paul Carpino
    Vice President of Investor Relations
  • Ms. Marisa L. Wyse
    Chief Legal & Regulatory Officer
  • Ms. Terrie L. Tweddle
    Chief Brand & Communications Officer
  • Mr. Bret D. Leech
    Chief Human Resources Officer
  • Mr. Robert Depatie (Age 64)
    President & COO of Home and Business Division
    Comp: $809.87k
  • Mr. Philip J. Hartling
    President of Wireless

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Rogers Communications was last updated on Tuesday, November 28, 2023 at 10:10 PM.

Pros

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

  • Rogers Communications Inc. operates as a communications and media company in North America, offering a wide range of services including wireless, cable, and media. This diversification can provide stability and potential growth opportunities for investors.
  • The company offers advanced wireless solutions for businesses, including device financing, device protection, and global voice and data roaming. This can attract corporate clients and generate additional revenue streams.
  • Rogers Communications Inc. provides internet and WiFi services, as well as smart home monitoring services. With the increasing demand for connectivity and smart home technology, these services can contribute to the company's growth.
  • The company owns Toronto Blue Jays and the Rogers Centre event venue, which can provide additional revenue streams through sports events and entertainment activities.
  • Rogers Communications Inc. operates various television networks and radio stations, offering a diverse range of programming. This can attract a wide audience and generate advertising revenue.

Cons

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

  • Competition in the wireless and internet services market in Canada is intense, with other major carriers like BCE and Telus ramping up their offerings. This can lead to pricing pressures and potentially impact Rogers' profitability.
  • Wireless charges in Canada are among the highest in the world, which could potentially affect customer retention and acquisition. This may require Rogers Communications Inc. to constantly invest in promotions and bundled plans to remain competitive.
  • Investors should closely monitor the company's free cash flow, as it is an important metric for determining dividend payouts. Any significant decline in free cash flow could impact the company's ability to maintain or increase dividends.
  • Changes in government regulations or policies related to the telecommunications industry could have an impact on Rogers Communications Inc.'s operations and profitability.
  • Investors should consider the overall economic conditions and consumer spending patterns, as they can influence the demand for communication and media services provided by Rogers Communications Inc.














RCI Stock Analysis - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research 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?

4 Wall Street research analysts have issued 1 year price objectives for Rogers Communications' shares. Their RCI share price targets range from $64.00 to $80.00. On average, they anticipate the company's share price to reach $72.33 in the next year. This suggests a possible upside of 61.5% 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 2023?

Rogers Communications' stock was trading at $46.84 on January 1st, 2023. Since then, RCI shares have decreased by 4.4% and is now trading at $44.80.
View the best growth stocks for 2023 here.

Are investors shorting Rogers Communications?

Rogers Communications saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 6,500,000 shares, an increase of 17.5% from the October 31st total of 5,530,000 shares. Based on an average trading volume of 392,400 shares, the days-to-cover ratio is currently 16.6 days. Currently, 1.8% of the company's shares are sold short.
View Rogers Communications' Short Interest.

When is Rogers Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our RCI earnings forecast.

How were Rogers Communications' earnings last quarter?

Rogers Communications Inc. (NYSE:RCI) issued its quarterly earnings results on Thursday, November, 9th. The Wireless communications provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.79 by $0.16. The Wireless communications provider had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.74 billion. Rogers Communications had a net margin of 5.64% and a trailing twelve-month return on equity of 21.47%.

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

Rogers Communications declared a quarterly dividend on Thursday, November 9th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.36 per share on Tuesday, January 2nd. This represents a $1.44 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, December 7th.
Read our dividend analysis for RCI.

Is Rogers Communications a good dividend stock?

Rogers Communications (NYSE:RCI) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.32%. The dividend payout ratio is 100.00%. 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 42.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RCI.

What ETF holds Rogers Communications' stock ?

SPDR S&P Kensho Intelligent Structures ETF holds 9,112 shares of RCI stock, representing 1.65% of its portfolio.

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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rogers Communications investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).

Who are Rogers Communications' major shareholders?

Rogers Communications' stock is owned by many different retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.73%), TD Asset Management Inc (1.65%), National Bank of Canada FI (1.10%), Toronto Dominion Bank (0.96%), Bank of Nova Scotia (0.91%) and Morgan Stanley (0.84%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/6/2023 by MarketBeat.com Staff

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