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NYSE:RCI

Rogers Communications (RCI) Stock Forecast, Price & News

$39.20

-1.02 (-2.54%)

(As of 09/26/2023 ET)

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Today's Range: $39.15
▼
$40.11
50-Day Range: $39.05
▼
$46.07
52-Week Range: $36.23
▼
$50.16

Volume: 419,908 shs
Average Volume: 319,846 shs
Market Capitalization: $19.79 billion

P/E Ratio: 18.06
Dividend Yield: 3.78%
Price Target: $72.00

Rogers Communications MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 83.7% Upside
$72.00 Price Target
Short Interest: Bearish
2.27% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.00
Upright™ Environmental Score
News Sentiment: 0.79
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 18.75%
From $3.20 to $3.80 Per Share

Overall MarketRank^™

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

2.91 out of 5 stars

Consumer Discretionary Sector

34th out of 269 stocks

Cable & Other Pay Television Services Industry

1st out of 21 stocks

3.4

Analyst's Opinion

Consensus Rating
Rogers Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $72.00, Rogers Communications has a forecasted upside of 83.7% from its current price of $39.20.
Amount of Analyst Coverage
Rogers Communications has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
2.27% 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 27.5, which indicates bearish sentiment.
Change versus previous month
Short interest in Rogers Communications has recently increased by 28.83%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Rogers Communications is a leading dividend payer. It pays a dividend yield of 3.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Rogers Communications does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Rogers Communications is 68.20%. 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 38.95% next year. This indicates that Rogers Communications will be able to sustain or increase its dividend.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Rogers Communications has received a 53.99% 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 internet provision", "Public safety network provision", and "Rural area cellular networks" products. See details.
Environmental Sustainability
The Environmental Impact score for Rogers Communications is -1.00.

3.2

News and Social Media Coverage

News Sentiment
Rogers Communications has a news sentiment score of 0.79. 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 higher news sentiment than the 0.67 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Rogers Communications this week, compared to 4 articles on an average week.
Search Interest
5 people have searched for RCI on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
MarketBeat Follows
6 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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
44.25% 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 18.75% in the coming year, from $3.20 to $3.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rogers Communications is 18.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rogers Communications is 18.06, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.34.
Price to Earnings Growth Ratio
Rogers Communications has a PEG Ratio of 1.27. 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 2.55. 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 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 Price History

30 days | 90 days | 365 days | Advanced Chart

RCI Stock News Headlines

September 26, 2023 | finance.yahoo.com

Movie Studio and News Media Stocks List

September 25, 2023 | finance.yahoo.com

Rogers Communications 3Q23 Investment Community Teleconference November 9, 2023 at 8:00 a.m. ET

September 27, 2023 | Edge On The Street (Ad)

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September 21, 2023 | finance.yahoo.com

Rogers Brings World Leading Wildfire Detection and Prevention Technology to British Columbia

September 18, 2023 | americanbankingnews.com

Rogers Communications Inc. (NYSE:RCI) Receives $72.00 Consensus Target Price from Analysts

September 17, 2023 | americanbankingnews.com

Rogers Communications (NYSE:RCI) Rating Increased to Outperform at Royal Bank of Canada

September 15, 2023 | finance.yahoo.com

Rogers to Offer All-New iPhone 15, iPhone 15 Plus, iPhone 15 Pro, iPhone 15 Pro Max, Apple Watch Series 9, and Apple Watch Ultra 2

September 14, 2023 | theglobeandmail.com

New credit-card offers target a financially stressed customer base, not big spenders

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

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September 11, 2023 | finance.yahoo.com

Rogers lowers monthly payments on any new phone by up to 50% with the new Rogers red Mastercard

September 8, 2023 | theglobeandmail.com

Rogers to sell $3-billion in bonds to repay short-term debt, other borrowings

September 8, 2023 | finance.yahoo.com

CANADA STOCKS-TSX futures slip after BoC governor's hawkish tone; jobs report on watch

September 7, 2023 | finance.yahoo.com

UPDATE 1-Canada's Rogers to sell $2.2 bln in bonds to repay debt

September 7, 2023 | financialpost.com

Rogers Communications Inc. Announces Pricing of Canadian Private Placement of $3 Billion of Senior Notes

August 27, 2023 | theglobeandmail.com

Rogers calls Telus ‘hypocritical’ in CRTC filing as dispute over TTC wireless network continues

August 24, 2023 | theglobeandmail.com

Rogers Communications: Top 10 Undervalued Communication Services Sector Stocks on TSX (RCI-A)

August 23, 2023 | benzinga.com

Rogers Launches 5G Service on the TTC's Downtown U

August 22, 2023 | markets.businessinsider.com

Canadian Shares Down In Negative Territory, Look Headed For Weak Close

August 21, 2023 | baystreet.ca

Former Rogers CEO Joe Natale Sues Company For Wrongful Dismissal

August 13, 2023 | finance.yahoo.com

Rogers Communications (TSE:RCI.B) Is Paying Out A Dividend Of CA$0.50

August 11, 2023 | finance.yahoo.com

Rogers Communications Inc. Announces Amendments to its Dividend Reinvestment Plan to Permit Discount for Shares Issued under the Plan; 2% Discount for Shares to be Issued in Connection with Reinvestment of Previously Declared Dividend Payable on October 3, 2023

August 10, 2023 | seekingalpha.com

Rogers Communications: Fundamentals Remain Strong, On Path To Deleverage Balance Sheet

August 2, 2023 | theglobeandmail.com

Rogers says former chief regulatory officer was dismissed due to performance issues

August 1, 2023 | baystreet.ca

Rogers Stock Looks Cheap in Late July

July 31, 2023 | msn.com

Rogers Communications: LTV Growth And Earnings Performance Encouraging

July 29, 2023 | theglobeandmail.com

Roughly 1,200 employees leave Rogers as part of voluntary departure program after Shaw takeover

July 28, 2023 | finance.yahoo.com

4 Stocks to Watch on Their Recent Dividend Hikes

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RCI Company Calendar

Ex-Dividend for 7/5 Dividend: 6/08/2023
Dividend Payable: 7/05/2023
Last Earnings: 7/26/2023
Ex-Dividend for 10/3 Dividend: 9/07/2023
Today: 9/27/2023
Dividend Payable: 10/03/2023
Next Earnings (Confirmed): 11/09/2023
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: $72.00
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $64.00
Forecasted Upside/Downside: +83.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.17
Trailing P/E Ratio: 18.06
Forward P/E Ratio: 12.25
P/E Growth: 1.27
Net Income: $1.29 billion
Net Margins: 8.92%
Pretax Margin: 12.13%
Return on Equity: 19.81%
Return on Assets: 3.49%

Debt

Debt-to-Equity Ratio: 3.32
Current Ratio: 0.65
Quick Ratio: 0.60

Sales & Book Value

Annual Sales: $11.84 billion
Price / Sales: 1.67
Cash Flow: $6.69 per share
Price / Cash Flow: 5.86
Book Value: $15.37 per share
Price / Book: 2.55

Miscellaneous

Outstanding Shares: 504,920,000
Free Float: 358,497,000
Market Cap: $19.79 billion
Optionable: Optionable
Beta: 0.52

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Key Executives

Mr. Anthony Staffieri FCA (Age 58)
FCPA, Pres, CEO & Director
Comp: $3.27M

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
VP of Investor Relations

Ms. Marisa L. Wyse
Chief Legal & Regulatory Officer

Ms. Terrie L. Tweddle
Chief Brand & Communications Officer

Mr. Bret D. Leech
Chief HR Officer

Mr. Robert Depatie (Age 64)
Pres & COO of Home and Bus. Division

Mr. Philip J. Hartling
Pres of Wireless

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?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RCI shares.
View RCI analyst ratings or view top-rated stocks.
What is Rogers Communications' stock price forecast for 2023?: 4 equities research analysts have issued 12-month price objectives for Rogers Communications' shares. Their RCI share price forecasts range from $64.00 to $80.00. On average, they predict the company's share price to reach $72.00 in the next year. This suggests a possible upside of 83.7% 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 beginning of 2023. Since then, RCI stock has decreased by 16.3% and is now trading at $39.20.
View the best growth stocks for 2023 here.
Are investors shorting Rogers Communications?: Rogers Communications saw a increase in short interest in August. As of August 31st, there was short interest totaling 8,400,000 shares, an increase of 28.8% from the August 15th total of 6,520,000 shares. Based on an average daily trading volume, of 305,300 shares, the days-to-cover ratio is currently 27.5 days. Currently, 2.3% of the shares of the stock 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, November 9th 2023.
View our RCI earnings forecast.
How can I listen to Rogers Communications' earnings call?: Rogers Communications will be holding an earnings conference call on Thursday, November 9th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 604-638-9010 with passcode "0427".
How were Rogers Communications' earnings last quarter?: Rogers Communications Inc. (NYSE:RCI) announced its earnings results on Wednesday, July, 26th. The Wireless communications provider reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.84 by $0.08. The Wireless communications provider earned $3.76 billion during the quarter, compared to analyst estimates of $3.82 billion. Rogers Communications had a net margin of 8.92% and a trailing twelve-month return on equity of 19.81%.
How often does Rogers Communications pay dividends? What is the dividend yield for Rogers Communications?: Rogers Communications announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.377 per share on Tuesday, October 3rd. This represents a $1.51 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from the stock's previous quarterly dividend of $0.37.
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.
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 3.64%. The dividend payout ratio is 68.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCI will have a dividend payout ratio of 38.95% 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 a number of retail and institutional investors. Top institutional investors include 1832 Asset Management L.P. (2.27%), Beutel Goodman & Co Ltd. (2.14%), TD Asset Management Inc (1.81%), Mackenzie Financial Corp (1.71%), National Bank of Canada FI (1.24%) and Bank of Nova Scotia (0.95%).
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 $39.20.
How much money does Rogers Communications make?: Rogers Communications (NYSE:RCI) has a market capitalization of $19.79 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 $2.17 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 9/27/2023 by MarketBeat.com Staff

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