Rogers Communications - RCI Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RCI shares.
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8 analysts have issued twelve-month price targets for Rogers Communications' shares. Their RCI share price forecasts range from $68.00 to $81.00. On average, they anticipate the company's share price to reach $75.06 in the next twelve months. This suggests a possible upside of 94.7% 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 $47.63 at the beginning of 2022. Since then, RCI shares have decreased by 19.1% and is now trading at $38.54.
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Rogers Communications saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,230,000 shares, an increase of 35.9% from the August 15th total of 5,320,000 shares. Based on an average trading volume of 361,100 shares, the days-to-cover ratio is presently 20.0 days. Approximately 2.1% of the company's stock are sold short.
View Rogers Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our RCI earnings forecast.

Rogers Communications will be holding an earnings conference call on Wednesday, 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 "9450".

Rogers Communications Inc. (NYSE:RCI) issued its quarterly earnings results on Wednesday, July, 27th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The Wireless communications provider earned $3.03 billion during the quarter, compared to analysts' expectations of $2.94 billion. Rogers Communications had a trailing twelve-month return on equity of 18.10% and a net margin of 11.26%.

Rogers Communications announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Friday, September 9th will be given a dividend of $0.3884 per share on Monday, October 3rd. This represents a $1.55 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for RCI.

Rogers Communications (NYSE:RCI) pays an annual dividend of $1.52 per share and currently has a dividend yield of 3.94%. The dividend payout ratio is 58.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCI will have a dividend payout ratio of 45.51% 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."

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 $38.54.

Rogers Communications (NYSE:RCI) has a market capitalization of $19.46 billion and generates $11.69 billion in revenue each year. The Wireless communications provider earns $1.24 billion in net income (profit) each year or $2.59 on an earnings per share basis.

The company employs 23,000 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.