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 year. 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.
View RCI analyst ratings or view top-rated stocks.

8 brokers have issued 1-year target prices for Rogers Communications' stock. Their RCI share price forecasts range from $68.00 to $89.00. On average, they predict the company's stock price to reach $77.63 in the next twelve months. This suggests a possible upside of 67.0% 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 on January 1st, 2022. Since then, RCI shares have decreased by 2.4% and is now trading at $46.49.
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Rogers Communications saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,050,000 shares, a decline of 53.7% from the June 15th total of 8,750,000 shares. Based on an average daily volume of 371,700 shares, the days-to-cover ratio is currently 10.9 days.
View Rogers Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our RCI earnings forecast.

Rogers Communications Inc. (NYSE:RCI) issued its quarterly earnings results on Wednesday, October, 20th. The Wireless communications provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.21. The Wireless communications provider earned $3.67 billion during the quarter, compared to the consensus estimate of $3.69 billion. Rogers Communications had a net margin of 11.26% and a trailing twelve-month return on equity of 18.10%. Rogers Communications's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS.

Rogers Communications declared 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 dividend on an annualized basis and a yield of 3.34%. 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 $1.58 per share and currently has a dividend yield of 3.51%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 61.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCI will have a dividend payout ratio of 46.61% 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 a variety of retail and institutional investors. Top institutional investors include TD Asset Management Inc. (2.18%), Bank of Nova Scotia (1.40%), Connor Clark & Lunn Investment Management Ltd. (0.61%), National Bank of Canada FI (0.50%), Scotia Capital Inc. (0.43%) and JPMorgan Chase & Co. (0.40%).

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 $46.49.

Rogers Communications (NYSE:RCI) has a market capitalization of $23.47 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 was founded in 1960.

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.