Rogers Communications Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Rogers Communications stock.
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8 Wall Street research analysts have issued 12 month target prices for Rogers Communications' stock. Their RCI stock forecasts range from $69.00 to $90.00. On average, they predict Rogers Communications' share price to reach $80.63 in the next year. This suggests a possible upside of 66.4% from the stock's current price.
View analysts' price targets for Rogers Communications or view top-rated stocks among Wall Street analysts.

Rogers Communications' stock was trading at $47.63 at the beginning of 2022. Since then, RCI shares have increased by 1.7% and is now trading at $48.44.
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Rogers Communications saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 4,390,000 shares, an increase of 91.7% from the May 15th total of 2,290,000 shares. Based on an average daily volume of 370,700 shares, the short-interest ratio is currently 11.8 days. Currently, 1.3% of the company's shares are sold short.
View Rogers Communications' Short Interest.

Rogers Communications is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Rogers Communications.

Rogers Communications Inc. (NYSE:RCI) issued its earnings results on Wednesday, April, 20th. The Wireless communications provider reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.09. The Wireless communications provider earned $3.62 billion during the quarter, compared to analyst estimates of $3.63 billion. Rogers Communications had a net margin of 10.73% and a trailing twelve-month return on equity of 17.67%. Rogers Communications's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS.
View Rogers Communications' earnings history.

Rogers Communications announced a quarterly dividend on Thursday, April 21st. Investors of record on Friday, June 10th will be paid a dividend of $0.396 per share on Monday, July 4th. This represents a $1.58 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, June 9th.
View Rogers Communications' dividend history.

Rogers Communications(NYSE:RCI) pays an annual dividend of $1.58 per share and currently has a dividend yield of 3.26%. Rogers Communications does not yet have a strong track record of dividend growth. The dividend payout ratio of Rogers Communications is 63.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Rogers Communications will have a dividend payout ratio of 45.40% next year. This indicates that Rogers Communications will be able to sustain or increase its dividend.
View Rogers Communications' dividend history.

788 employees have rated Rogers Communications CEO Joe Natale on Glassdoor.com. Joe Natale has an approval rating of 87% among Rogers Communications' employees.

Some companies that are related to Rogers Communications include Charter Communications (CHTR), Warner Bros. Discovery (WBD), Liberty Broadband (LBRDK), Liberty Broadband (LBRDA), Shaw Communications (SJR), Roku (ROKU), Liberty Global (LBTYK), Liberty Global (LBTYA), DISH Network (DISH), Cable One (CABO), Altice USA (ATUS), ITV (ITVPY), Liberty Latin America (LILA), Liberty Latin America (LILAK) and Qurate Retail (QRTEB).
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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), Wheaton Precious Metals (WPM), Open Text (OTEX), Valeant Pharmaceuticals International (VRX) and Toronto-Dominion Bank (TD).

Rogers Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "RCI."

Rogers Communications' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (4.25%), Beutel Goodman & Co Ltd. (2.83%), TD Asset Management Inc. (2.40%), Vanguard Group Inc. (2.26%), 1832 Asset Management L.P. (1.95%) and Mackenzie Financial Corp (1.28%).

RCI stock was sold by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Toronto Dominion Bank, Bank of Montreal Can, Mackenzie Financial Corp, Beutel Goodman & Co Ltd., Taconic Capital Advisors LP, Cibc World Market Inc., and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

RCI stock was purchased by a variety of institutional investors in the last quarter, including National Bank of Canada FI, The Manufacturers Life Insurance Company , 1832 Asset Management L.P., CIBC Asset Management Inc, Goldman Sachs Group Inc., BlackRock Inc., Connor Clark & Lunn Investment Management Ltd., and Zurcher Kantonalbank Zurich Cantonalbank .

Shares of RCI 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.
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One share of RCI stock can currently be purchased for approximately $48.44.

Rogers Communications (NYSE:RCI) has a market capitalization of $24.46 billion and generates $11.69 billion in revenue each year. The Wireless communications provider earns $1.24 billion in net income (profit) each year or $2.48 on an earnings per share basis.

Rogers Communications employs 23,000 workers across the globe.

Rogers Communications was founded in 1960.

Rogers Communications' mailing address is 333 BLOOR STREET EAST, TORONTO A6, M4W 1G9. The official website for Rogers Communications is www.rogers.com. The Wireless communications provider can be reached via phone at 416-935-7777, via email at [email protected], or via fax at 416-935-3597.