NYSE:RCI

Rogers Communications - RCI Stock Forecast, Price & News

$46.49

+0.52 (+1.13%)

(As of 08/12/2022 01:39 PM ET)

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Today's Range: $46.03
▼
$46.63
50-Day Range: $43.28
▼
$51.28
52-Week Range: $42.94
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$64.55

Volume: 6,646 shs
Average Volume: 415,452 shs
Market Capitalization: $23.47 billion

P/E Ratio: 17.95
Dividend Yield: 3.41%
Price Target: $77.63

Rogers Communications MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 66.5% Upside
$77.63 Price Target
Short Interest: Bearish
1.23% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.21
Upright™ Environmental Score
News Sentiment: 1.09
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.31%
From $2.94 to $3.39 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Consumer Discretionary Sector

69th out of 289 stocks

Cable & Other Pay Television Services Industry

7th out of 20 stocks

3.4

Analyst's Opinion

Consensus Rating
Rogers Communications has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $77.63, Rogers Communications has a forecasted upside of 66.5% from its current price of $46.63.
Amount of Analyst Coverage
Rogers Communications has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
1.23% of the float of Rogers Communications has been sold short.
Short Interest Ratio / Days to Cover
Rogers Communications has a short interest ratio ("days to cover") of 11.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Rogers Communications has recently increased by 13.09%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Rogers Communications pays a meaningful dividend of 3.41%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Rogers Communications has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Rogers Communications is 61.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Rogers Communications will have a dividend payout ratio of 46.61% next year. This indicates that Rogers Communications will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Rogers Communications has received a 29.14% net impact score from Upright. Rogers Communications seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Relationships". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Mobile consumer internet provision", "Fixed consumer internet provision", and "Offshore internet provision" products. See details.
Environmental Sustainability
The Environmental Impact score for Rogers Communications is -1.21.

3.9

News and Social Media Coverage

News Sentiment
Rogers Communications has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Rogers Communications this week, compared to 3 articles on an average week.
Search Interest
5 people have searched for RCI on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
6 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rogers Communications insiders have not sold or bought any company stock.
Percentage Held by Institutions
41.73% of the stock of Rogers Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Rogers Communications are expected to grow by 15.31% in the coming year, from $2.94 to $3.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rogers Communications is 18.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rogers Communications is 18.00, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.76.
Price to Earnings Growth Ratio
Rogers Communications has a PEG Ratio of 2.62. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Rogers Communications has a P/B Ratio of 2.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Rogers Communications (NYSE:RCI) Stock

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.

Analyst Ratings Changes

Several analysts have recently commented on the company. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a report on Tuesday, June 21st. Canaccord Genuity Group decreased their price target on shares of Rogers Communications from C$69.00 to C$68.00 and set a "buy" rating on the stock in a research note on Friday, July 22nd. Scotiabank lifted their price target on shares of Rogers Communications from C$87.00 to C$89.00 in a research report on Thursday, April 21st. Desjardins dropped their target price on shares of Rogers Communications from C$80.00 to C$79.00 in a report on Friday, July 29th. Finally, TheStreet downgraded shares of Rogers Communications from a "b-" rating to a "c+" rating in a research note on Monday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rogers Communications currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.67.

Rogers Communications Stock Performance

NYSE:RCI traded down $0.42 during mid-day trading on Thursday, hitting $45.97. The stock had a trading volume of 295,491 shares, compared to its average volume of 366,876. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.54 and a beta of 0.44. The company has a 50 day simple moving average of $46.95 and a 200-day simple moving average of $51.16. Rogers Communications has a 52 week low of $42.94 and a 52 week high of $64.55. The company has a current ratio of 2.49, a quick ratio of 2.43 and a debt-to-equity ratio of 2.85.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be given a $0.3884 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.55 annualized dividend and a yield of 3.38%. Rogers Communications's dividend payout ratio is presently 61.00%.

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RCI Stock News Headlines

August 9, 2022 | americanbankingnews.com

Rogers Communications (NYSE:RCI) Upgraded by TD Securities to "Buy"

August 9, 2022 | americanbankingnews.com

Rogers Communications (NYSE:RCI) Rating Increased to Buy at TD Securities

August 3, 2022 | msn.com

Is Rogers Stock a Value Pick Right Now?

August 3, 2022 | americanbankingnews.com

Brokers Offer Predictions for Rogers Communications Inc.'s FY2022 Earnings (NYSE:RCI)

August 2, 2022 | americanbankingnews.com

Rogers Communications Inc. (NYSE:RCI) Forecasted to Earn Q3 2022 Earnings of $0.72 Per Share

August 1, 2022 | americanbankingnews.com

Rogers Communications (NYSE:RCI) PT Lowered to C$79.00 at Desjardins

July 31, 2022 | americanbankingnews.com

Rogers Communications Inc. (NYSE:RCI) to Post FY2023 Earnings of $3.71 Per Share, National Bank Financial Forecasts

July 30, 2022 | americanbankingnews.com

Rogers Communications (NYSE:RCI) Price Target Raised to C$80.00 at TD Securities

July 30, 2022 | americanbankingnews.com

Royal Bank of Canada Trims Rogers Communications (NYSE:RCI) Target Price to C$73.00