Rogers Communications (RCI) Stock Forecast, Price & News

6 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 5 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.

6 equities research analysts have issued twelve-month price objectives for Rogers Communications' shares. 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 67.4% from the stock's current price.
View analysts price targets for RCI or view top-rated stocks among Wall Street analysts.

Rogers Communications' stock was trading at $46.84 at the start of the year. Since then, RCI shares have decreased by 5.3% and is now trading at $44.38.
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Rogers Communications saw a increase in short interest during the month of 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 days-to-cover ratio is presently 22.6 days. Approximately 1.9% of the shares of the company are short sold.
View Rogers Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our RCI earnings forecast.

Rogers Communications Inc. (NYSE:RCI) released its earnings results on Wednesday, April, 26th. The Wireless communications provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. The Wireless communications provider earned $2.84 billion during 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%.

Rogers Communications declared a quarterly dividend on Wednesday, April 26th. Shareholders 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 yield of 3.33%. The ex-dividend date of this dividend is Thursday, June 8th. This is an increase from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for RCI.

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 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.

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.

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).

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

Rogers Communications' stock is owned by a variety of 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%).

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.
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One share of RCI stock can currently be purchased for approximately $44.38.

Rogers Communications (NYSE:RCI) has a market capitalization of $22.41 billion and generates $15.61 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.

The company employs 22,000 workers across the globe.

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.