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NYSE:RCI

Rogers Communications (RCI) Stock Forecast, Price & News

$43.18

-0.34 (-0.78%)

(As of 01:57 PM ET)

Compare

Today's Range: $43.09
▼
$43.81
50-Day Range: $43.55
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$49.66
52-Week Range: $36.23
▼
$50.16

Volume: 205,574 shs
Average Volume: 308,477 shs
Market Capitalization: $21.80 billion

P/E Ratio: 16.48
Dividend Yield: 3.40%
Price Target: $74.31

Rogers Communications MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 71.9% Upside
$74.31 Price Target
Short Interest: Bearish
1.87% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.37
Upright™ Environmental Score
News Sentiment: 0.39
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 18.55%
From $3.72 to $4.41 Per Share

Overall MarketRank^™

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

2.64 out of 5 stars

Consumer Discretionary Sector

29th out of 270 stocks

Cable & Other Pay Television Services Industry

2nd out of 21 stocks

3.4

Analyst's Opinion

Consensus Rating
Rogers Communications has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $74.31, Rogers Communications has a forecasted upside of 71.9% from its current price of $43.23.
Amount of Analyst Coverage
Rogers Communications has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
1.87% of the float of Rogers Communications has been sold short.
Short Interest Ratio / Days to Cover
Rogers Communications has a short interest ratio ("days to cover") of 22.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Rogers Communications has recently increased by 24.90%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Rogers Communications pays a meaningful dividend of 3.34%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Rogers Communications does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Rogers Communications is 56.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Rogers Communications will have a dividend payout ratio of 33.33% next year. This indicates that Rogers Communications will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Rogers Communications has received a 35.24% net impact score from Upright. Rogers Communications seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Relationships". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Mobile consumer internet provision", "Fixed consumer internet provision", and "Public safety network provision" products. See details.
Environmental Sustainability
The Environmental Impact score for Rogers Communications is -1.37.

1.9

News and Social Media Coverage

News Sentiment
Rogers Communications has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Rogers Communications this week, compared to 5 articles on an average week.
Search Interest
Only 9 people have searched for RCI on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.
MarketBeat Follows
4 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rogers Communications insiders have not sold or bought any company stock.
Percentage Held by Insiders
29.00% of the stock of Rogers Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
45.46% of the stock of Rogers Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Rogers Communications are expected to grow by 18.55% in the coming year, from $3.72 to $4.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rogers Communications is 16.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rogers Communications is 16.50, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.38.
Price to Earnings Growth Ratio
Rogers Communications has a PEG Ratio of 1.14. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Rogers Communications has a P/B Ratio of 2.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Rogers Communications (NYSE:RCI) Stock

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 and accessory financing, wireless home phone, device protection, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 11.3 million subscribers. It also provides Internet and WiFi services; 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 televised content on smartphones, tablets, and personal computers, 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; IT and network technologies; and cable access network services. The company also 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 55 AM and FM radio stations. The company was founded in 1960 and is headquartered in Toronto, Canada.

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RCI Stock News Headlines

June 8, 2023 | finance.yahoo.com

PRESS DIGEST-Canada - June 8

June 6, 2023 | finance.yahoo.com

Citytv is Home to TV’s Biggest Nights. New to Citytv: The Golden Bachelor, Found, The Irrational, & Krapopolis. Citytv Welcomes Back Bob’s Burgers, Dancing with the Stars, Family Guy & The Simpsons.

June 9, 2023 | Edge On The Street (Ad)

Graphite versus Lithium - What Investors Should Know

Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.

May 26, 2023 | finance.yahoo.com

Why Is Rogers Communication (RCI) Down 7.1% Since Last Earnings Report?

May 25, 2023 | finance.yahoo.com

2 Cable Stocks to Buy From a Challenging Industry

May 25, 2023 | americanbankingnews.com

Rogers Communications (NYSE:RCI) Downgraded to "Hold" at StockNews.com

May 19, 2023 | americanbankingnews.com

Analysts Set Rogers Communications Inc. (NYSE:RCI) Target Price at $73.72

May 18, 2023 | finance.yahoo.com

Rogers Communications' Trevor English Acquires 455% More Stock \

June 9, 2023 | Edge On The Street (Ad)

Graphite versus Lithium - What Investors Should Know

May 16, 2023 | americanbankingnews.com

Rogers Communications (NYSE:RCI) Upgraded to Buy at StockNews.com

May 15, 2023 | msn.com

Telecom Titans: A Trio of Canadian Companies Leading the 5G Race

May 11, 2023 | theglobeandmail.com

Quebecor accuses BCE, Telus of delay tactics in negotiations over network access

May 9, 2023 | marketwatch.com

Rogers Communications Inc. Cl B stock falls Tuesday, underperforms market

May 9, 2023 | finance.yahoo.com

Rogers Together with Shaw Supports Communities Impacted by Wildfires in Alberta

May 8, 2023 | americanbankingnews.com

Rogers Communications (NYSE:RCI) Receives New Coverage from Analysts at Barclays

May 4, 2023 | finance.yahoo.com

Rogers Lowers the Price of Data by Half on Most Popular 5G Unlimited Plan

May 3, 2023 | americanbankingnews.com

Research Analysts Issue Forecasts for Rogers Communications Inc.'s Q2 2023 Earnings (NYSE:RCI)

May 2, 2023 | americanbankingnews.com

FY2024 EPS Estimates for Rogers Communications Inc. (NYSE:RCI) Cut by Analyst

April 30, 2023 | americanbankingnews.com

National Bank Financial Analysts Increase Earnings Estimates for Rogers Communications Inc. (NYSE:RCI)

April 30, 2023 | americanbankingnews.com

FY2023 EPS Estimates for Rogers Communications Inc. Lifted by Analyst (NYSE:RCI)

April 28, 2023 | americanbankingnews.com

Rogers Communications Inc. (NYSE:RCI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

April 28, 2023 | americanbankingnews.com

Rogers Communications Inc. (NYSE:RCI) Announces Dividend Increase - $0.37 Per Share

April 27, 2023 | finanznachrichten.de

Rogers Communications, Inc.: Rogers Communications Announces Voting Results from Annual Meeting of Shareholders

April 27, 2023 | msn.com

SpaceX, Rogers To Bring Satellite-To-Phone Coverage Nationwide In Canada

April 26, 2023 | finanznachrichten.de

Rogers Communications Canada Inc.: Rogers Partners With Lynk Global to Bring Satellite-to-Phone Coverage to Canadians

April 26, 2023 | finanznachrichten.de

Rogers Communications Canada Inc.: Rogers Signs Agreement With SpaceX to Bring Satellite-to-Phone Coverage to Canada

April 26, 2023 | finance.yahoo.com

Rogers Communication (RCI) Q1 Earnings and Revenues Top Estimates

See More Headlines

RCI Price History

30 days | 90 days | 365 days | Advanced Chart

RCI Company Calendar

Ex-Dividend for 4/3 Dividend: 3/09/2023
Dividend Payable: 4/03/2023
Last Earnings: 4/26/2023
Ex-Dividend for 7/5 Dividend: 6/08/2023
Today: 6/09/2023
Dividend Payable: 7/05/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $74.31
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $68.00
Forecasted Upside/Downside: +70.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.62
Trailing P/E Ratio: 16.62
Forward P/E Ratio: 11.71
P/E Growth: 1.14
Net Income: $1.29 billion
Net Margins: 11.49%
Pretax Margin: 15.63%
Return on Equity: 19.36%
Return on Assets: 3.58%

Debt

Debt-to-Equity Ratio: 2.86
Current Ratio: 1.91
Quick Ratio: 1.85

Sales & Book Value

Annual Sales: $11.84 billion
Price / Sales: 1.86
Cash Flow: $6.88 per share
Price / Cash Flow: 6.33
Book Value: $15.37 per share
Price / Book: 2.83

Miscellaneous

Outstanding Shares: 504,920,000
Free Float: 358,497,000
Market Cap: $21.99 billion
Optionable: Optionable
Beta: 0.52

Social Links

Key Executives

Mr. Anthony Staffieri F.C.A. (Age 57)
FCA, FCPA, Pres, CEO & Director
Comp: $1.3M

Mr. Robert Depatie (Age 63)
Pres & COO of Home and Bus. Division
Comp: $817.15k

Ms. Paulina Molnar
Sr. VP of Controller & Risk Management

Mr. Glenn A. Brandt
Chief Financial Officer

Mr. Ronald E. McKenzie
Chief Technology & Information Officer

Mr. Mahes S. Wickramasinghe (Age 64)
Chief Admin. Officer

Mr. Paul Carpino
VP of Investor Relations

Ms. Marisa L. Wyse
Chief Legal Officer & Corp. Sec.

Mr. Bret D. Leech
Chief HR Officer

Ms. Lisa L. Durocher (Age 55)
Exec. VP of Financial & Emerging Services

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

RCI Stock - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 1 hold rating and 5 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 forecast for 2023?: 6 Wall Street research analysts have issued twelve-month target prices for Rogers Communications' stock. Their RCI share price forecasts range from $68.00 to $80.00. On average, they expect the company's stock price to reach $74.31 in the next twelve months. This suggests a possible upside of 70.6% 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 2023?: Rogers Communications' stock was trading at $46.84 at the start of the year. Since then, RCI stock has decreased by 7.0% and is now trading at $43.55.
View the best growth stocks for 2023 here.
Are investors shorting Rogers Communications?: Rogers Communications saw a increase in short interest in May. As of May 15th, there was short interest totaling 6,470,000 shares, an increase of 24.9% from the April 30th total of 5,180,000 shares. Based on an average daily trading volume, of 286,300 shares, the short-interest ratio is presently 22.6 days. Currently, 1.9% 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 Wednesday, July 26th 2023.
View our RCI earnings forecast.
How were Rogers Communications' earnings last quarter?: Rogers Communications Inc. (NYSE:RCI) posted its quarterly earnings data on Wednesday, April, 26th. The Wireless communications provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.03. The Wireless communications provider had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.71 billion. Rogers Communications had a trailing twelve-month return on equity of 19.36% and a net margin of 11.49%.
How often does Rogers Communications pay dividends? What is the dividend yield for Rogers Communications?: Rogers Communications declared a quarterly dividend on Wednesday, April 26th. Investors of record on Friday, June 9th will be paid a dividend of $0.37 per share on Wednesday, July 5th. This represents a $1.48 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, June 8th. This is a positive change from the stock's previous quarterly dividend of $0.37.
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 3.34%. The dividend payout ratio is 56.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCI will have a dividend payout ratio of 33.33% 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?: 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).
What is Rogers Communications' stock symbol?: Rogers Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "RCI."
Who are Rogers Communications' major shareholders?: Rogers Communications' stock is owned by many different institutional and retail investors. Top institutional shareholders include FIL Ltd (7.05%), 1832 Asset Management L.P. (2.37%), Mackenzie Financial Corp (1.75%), Toronto Dominion Bank (1.01%), Letko Brosseau & Associates Inc. (0.78%) and FMR LLC (0.72%).
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.
What is Rogers Communications' stock price today?: One share of RCI stock can currently be purchased for approximately $43.55.
How much money does Rogers Communications make?: Rogers Communications (NYSE:RCI) has a market capitalization of $21.99 billion and generates $11.84 billion in revenue each year. The Wireless communications provider earns $1.29 billion in net income (profit) each year or $2.62 on an earnings per share basis.
How many employees does Rogers Communications have?: The company employs 22,000 workers across the globe.
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
How can I contact Rogers Communications?: Rogers Communications' mailing address is 333 BLOOR STREET EAST, TORONTO A6, M4W 1G9. The official website for the company is www.rogers.com. The Wireless communications provider can be reached via phone at 416-935-7777, via email at investor.relations@rci.rogers.com, or via fax at 416-935-3597.

This page (NYSE:RCI) was last updated on 6/9/2023 by MarketBeat.com Staff

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