Rogers Communications Stock Forecast, Price & News

Rogers Communications' stock was trading at $43.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RCI stock has increased by 10.0% and is now trading at $47.76.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Rogers Communications or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Rogers Communications a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Rogers Communications wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Rogers Communications is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Rogers Communications.

Rogers Communications Inc. (NYSE:RCI) announced its earnings results on Thursday, October, 22nd. The Wireless communications provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.46. The Wireless communications provider earned $3.67 billion during the quarter, compared to analyst estimates of $3.34 billion. Rogers Communications had a net margin of 11.89% and a return on equity of 18.57%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS.
View Rogers Communications' earnings history.

Rogers Communications declared a quarterly dividend on Friday, October 23rd. Investors of record on Thursday, December 10th will be given a dividend of $0.3804 per share on Monday, January 4th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Wednesday, December 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.37.
View Rogers Communications' dividend history.

9 brokers have issued 12-month price objectives for Rogers Communications' shares. Their forecasts range from $57.00 to $73.00. On average, they anticipate Rogers Communications' stock price to reach $65.00 in the next year. This suggests a possible upside of 36.1% from the stock's current price.
View analysts' price targets for Rogers Communications.

Rogers Communications saw a drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,520,000 shares, a drop of 14.1% from the October 15th total of 1,770,000 shares. Based on an average daily trading volume, of 527,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.4% of the shares of the stock are short sold.
View Rogers Communications' Short Interest.

Some companies that are related to Rogers Communications include Roku (ROKU), Liberty Broadband (LBRDK), Liberty Broadband (LBRDA), DISH Network (DISH), Altice USA (ATUS), Liberty Global (LBTYA), Discovery (DISCA), Liberty Global (LBTYK), Liberty Global (LBTYB), Cable One (CABO), Discovery (DISCK), Shaw Communications (SJR), ITV (ITVPY), Qurate Retail (QRTEB) and Liberty Latin America (LILA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Rogers Communications investors own include Intact Financial Co. (IFC.TO) (IFC), Constellation Software Inc. (CSU.TO) (CSU), AutoCanada Inc. (ACQ.TO) (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy Inc. (VET.TO) (VET), Wheaton Precious Metals Corp. (WPM.TO) (WPM), Open Text Co. (OTEX.TO) (OTEX), Valeant Pharmaceuticals International, Inc. (VRX.TO) (VRX) and The Toronto-Dominion Bank (TD.TO) (TD).

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

Rogers Communications' stock is owned by a number of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (2.27%), The Manufacturers Life Insurance Company (1.12%), Great West Life Assurance Co. Can (1.06%), Letko Brosseau & Associates Inc. (0.83%), Guardian Capital LP (0.82%) and Toronto Dominion Bank (0.59%).

RCI stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., CIBC Asset Management Inc, Great West Life Assurance Co. Can, BlackRock Inc., Cidel Asset Management Inc., Acadian Asset Management LLC, Letko Brosseau & Associates Inc., and Addenda Capital Inc..

RCI stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, DekaBank Deutsche Girozentrale, Morgan Stanley, Toronto Dominion Bank, Massachusetts Financial Services Co. MA, Guardian Capital LP, Galibier Capital Management Ltd., and Alberta Investment Management Corp.

Shares of RCI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RCI stock can currently be purchased for approximately $47.76.

Rogers Communications has a market capitalization of $19.34 billion and generates $11.36 billion in revenue each year. The Wireless communications provider earns $1.54 billion in net income (profit) each year or $3.13 on an earnings per share basis. Rogers Communications employs 25,300 workers across the globe.

The official website for Rogers Communications is www.rogers.com.

Rogers Communications' mailing address is 333 BLOOR STREET EAST, TORONTO A6, M4W 1G9. The Wireless communications provider can be reached via phone at 416-935-7777 or via email at [email protected]