Rogers Communications - RCI Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RCI shares.
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3 brokerages have issued 1 year price objectives for Rogers Communications' stock. Their RCI share price forecasts range from $68.00 to $80.00. On average, they predict the company's share price to reach $74.08 in the next twelve months. This suggests a possible upside of 52.3% 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 increased by 3.9% and is now trading at $48.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our RCI earnings forecast.

Rogers Communications will be holding an earnings conference call on Thursday, February 2nd 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 "9702".

Rogers Communications Inc. (NYSE:RCI) released its quarterly earnings results on Wednesday, November, 9th. The Wireless communications provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.05. The Wireless communications provider earned $2.87 billion during the quarter, compared to the consensus estimate of $2.80 billion. Rogers Communications had a net margin of 10.41% and a trailing twelve-month return on equity of 17.52%.

Rogers Communications declared a quarterly dividend on Tuesday, November 8th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.367 per share on Tuesday, January 3rd. This represents a $1.47 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, December 8th.
Read our dividend analysis for RCI.

Rogers Communications (NYSE:RCI) pays an annual dividend of $1.49 per share and currently has a dividend yield of 3.04%. The dividend payout ratio is 62.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCI will have a dividend payout ratio of 45.85% 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 institutional and retail investors. Top institutional investors include National Bank of Canada FI (1.16%), Value Partners Investments Inc. (0.24%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Addenda Capital Inc. (0.17%), Galibier Capital Management Ltd. (0.16%) and Natixis Advisors L.P. (0.02%).

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 $48.65.

Rogers Communications (NYSE:RCI) has a market capitalization of $24.56 billion and generates $15.15 billion in revenue each year. The Wireless communications provider earns $1.24 billion in net income (profit) each year or $2.38 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.