Rogers Communications - RCI Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RCI shares.
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5 brokers have issued 12-month price objectives for Rogers Communications' stock. Their RCI share price forecasts range from $68.00 to $80.00. On average, they anticipate the company's stock price to reach $74.31 in the next twelve months. This suggests a possible upside of 62.6% 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 stock has decreased by 2.5% and is now trading at $45.69.
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Rogers Communications saw a increase in short interest in February. As of February 28th, there was short interest totaling 7,650,000 shares, an increase of 25.4% from the February 13th total of 6,100,000 shares. Based on an average daily volume of 314,000 shares, the short-interest ratio is currently 24.4 days. Approximately 2.2% of the shares of the stock are sold short.
View Rogers Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our RCI earnings forecast.

Rogers Communications Inc. (NYSE:RCI) announced its quarterly earnings results on Thursday, February, 2nd. The Wireless communications provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.06. The Wireless communications provider had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.08 billion. Rogers Communications had a net margin of 10.90% and a trailing twelve-month return on equity of 18.14%.

Rogers Communications declared a quarterly dividend on Thursday, February 2nd. Shareholders of record on Friday, March 10th will be given a dividend of $0.368 per share on Monday, April 3rd. This represents a $1.47 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, March 9th. 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 3.21%. The dividend payout ratio is 59.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCI will have a dividend payout ratio of 41.06% 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), 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 many different retail and institutional investors. Top institutional shareholders include 1832 Asset Management L.P. (2.32%), TD Asset Management Inc (2.12%), Mackenzie Financial Corp (1.63%), National Bank of Canada FI (1.16%), Bank of Nova Scotia (0.99%) and Toronto Dominion Bank (0.98%).

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 $45.69.

Rogers Communications (NYSE:RCI) has a market capitalization of $23.07 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 $2.49 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.