Rogers Communications - RCI Stock Forecast, Price & News

Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device and accessory financing, wireless home phone, device protection, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 11.3 million subscribers. It also provides Internet and WiFi services; 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 televised content on smartphones, tablets, and personal computers, 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; IT and network technologies; and cable access network services. The company also 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 55 AM and FM radio stations. The company was founded in 1960 and is headquartered in Toronto, Canada.

Analysts Set New Price Targets

A number of analysts recently commented on RCI shares. Scotiabank lifted their price objective on Rogers Communications from C$87.00 to C$89.00 in a research report on Thursday, April 21st. BMO Capital Markets dropped their price target on shares of Rogers Communications from C$75.00 to C$72.00 in a research note on Monday, July 11th. Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Tuesday, June 21st. Canaccord Genuity Group dropped their target price on shares of Rogers Communications from C$69.00 to C$68.00 and set a "buy" rating for the company in a research report on Friday, July 22nd. Finally, TheStreet lowered Rogers Communications from a "b-" rating to a "c+" rating in a research report on Monday, May 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Rogers Communications has an average rating of "Moderate Buy" and a consensus price target of $76.67.

Rogers Communications Trading Up 1.5 %

Rogers Communications stock traded up $0.70 during mid-day trading on Tuesday, hitting $46.23. 312,119 shares of the company's stock were exchanged, compared to its average volume of 365,068. The company's 50 day simple moving average is $46.65 and its 200-day simple moving average is $51.11. The company has a quick ratio of 2.43, a current ratio of 2.49 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $23.34 billion, a P/E ratio of 17.85, a PEG ratio of 2.61 and a beta of 0.44. Rogers Communications has a fifty-two week low of $42.94 and a fifty-two week high of $64.55.

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be issued a dividend of $0.3884 per share. This represents a $1.55 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, September 8th. Rogers Communications's dividend payout ratio (DPR) is presently 61.00%.