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NYSE:RCI

Rogers Communications (RCI) Stock Price, News & Analysis

$44.40
-0.13 (-0.29%)
(As of 04:10 PM ET)
Today's Range
$43.80
$44.46
50-Day Range
$44.27
$47.74
52-Week Range
$36.55
$50.00
Volume
377,724 shs
Average Volume
374,157 shs
Market Capitalization
$23.47 billion
P/E Ratio
37.00
Dividend Yield
3.31%
Price Target
$52.00

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.6% Upside
$52.00 Price Target
Short Interest
Bearish
1.57% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.07mentions of Rogers Communications in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.76%
From $3.78 to $4.30 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.

3.97 out of 5 stars

Consumer Discretionary Sector

90th out of 273 stocks

Cable & Other Pay Television Services Industry

8th out of 18 stocks


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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Rogers Communications Announces Board of Director Changes
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/07/2023
Dividend Payable
1/02/2024
Last Earnings
2/01/2024
Today
3/04/2024
Ex-Dividend for 4/3 Dividend
3/08/2024
Dividend Payable
4/03/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Employees
22,000
Year Founded
1960

Price Target and Rating

Average Stock Price Target
$52.00
High Stock Price Target
$52.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+17.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$628.94 million
Pretax Margin
7.07%

Debt

Sales & Book Value

Annual Sales
$14.18 billion
Cash Flow
$9.16 per share
Book Value
$14.63 per share

Miscellaneous

Free Float
375,283,000
Market Cap
$23.37 billion
Optionable
Optionable
Beta
0.60

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Key Executives

  • Mr. Anthony Staffieri FCA (Age 58)
    FCPA, President, CEO & Director
    Comp: $3.32M
  • Mr. Glenn A. Brandt
    Chief Financial Officer
  • Mr. Ronald E. McKenzie
    Chief Technology & Information Officer
  • Mr. Mahes S. Wickramasinghe (Age 66)
    Chief Commercial Officer
    Comp: $1.17M
  • 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

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 Saturday, March 2, 2024 at 5:31 PM.

Pros

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

  • Rogers Communications Inc. reported earnings per share (EPS) of $0.87 for the last quarter, beating the consensus estimate by $0.11. This indicates strong financial performance.
  • Rogers Communications Inc. operates in North America, a region with a stable and developed market for communications and media services, providing a reliable revenue stream.
  • The company offers a diverse range of services including mobile Internet access, wireless voice, smart home monitoring, and advanced wireless solutions for businesses, showcasing a broad market presence.
  • Rogers Communications Inc. has a market capitalization of $23.84 billion, indicating a sizable and established company in the industry.
  • The company owns Toronto Blue Jays and operates various television networks, diversifying its revenue streams beyond traditional communication services.

Cons

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

  • Rogers Communications Inc. has a debt-to-equity ratio of 3.81, which indicates a relatively high level of debt compared to equity. High debt levels can pose financial risks.
  • The company's stock price has fluctuated between $36.55 and $50.00 in the past year, showing volatility that may concern some investors.
  • Rogers Communications Inc. operates in a competitive industry with other major players, leading to potential pricing pressures and market share challenges.
  • The company's return on equity of 22.17% may not be as high as some investors seek, suggesting potential inefficiencies in capital utilization.
  • Institutional investors own 44.25% of the company's stock, which could impact the stock's volatility and shareholder influence.














RCI Stock Analysis - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 3 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?

3 analysts have issued 12 month price objectives for Rogers Communications' shares. Their RCI share price targets range from $52.00 to $52.00. On average, they predict the company's stock price to reach $52.00 in the next year. This suggests a possible upside of 17.6% 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 shares have decreased by 5.5% and is now trading at $44.22.
View the best growth stocks for 2024 here
.

Are investors shorting Rogers Communications?

Rogers Communications saw a increase in short interest in February. As of February 15th, there was short interest totaling 5,910,000 shares, an increase of 67.9% from the January 31st total of 3,520,000 shares. Based on an average trading volume of 384,200 shares, the short-interest ratio is presently 15.4 days. Currently, 1.6% of the company's 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, April 24th 2024.
View our RCI earnings forecast
.

How were Rogers Communications' earnings last quarter?

Rogers Communications Inc. (NYSE:RCI) announced its quarterly earnings data on Thursday, February, 1st. The Wireless communications provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.11. The Wireless communications provider had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.99 billion. Rogers Communications had a net margin of 4.38% and a trailing twelve-month return on equity of 22.17%.

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

Rogers Communications declared a quarterly dividend on Friday, February 2nd. Investors of record on Monday, March 11th will be given a dividend of $0.3742 per share on Wednesday, April 3rd. This represents a $1.50 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, March 8th. This is a boost from the stock's previous quarterly dividend of $0.36.
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 3.31%. The dividend payout ratio is 122.50%. 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 34.19% 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?
Who are Rogers Communications' major shareholders?

Rogers Communications' stock is owned by a variety of institutional and retail investors. Top institutional investors include FIL Ltd (6.91%), Canoe Financial LP (3.01%), 1832 Asset Management L.P. (2.40%), Beutel Goodman & Co Ltd. (2.21%), TD Asset Management Inc (2.10%) and Mackenzie Financial Corp (1.78%).

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 3/4/2024 by MarketBeat.com Staff