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Rogers Communications - RCI Stock Forecast, Price & News

$45.97
-0.42 (-0.91%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$45.92
$46.75
50-Day Range
$43.28
$51.28
52-Week Range
$42.94
$64.55
Volume
295,491 shs
Average Volume
366,876 shs
Market Capitalization
$23.21 billion
P/E Ratio
17.75
Dividend Yield
3.41%
Price Target
$77.63

Rogers Communications MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
68.9% 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
1.09mentions of Rogers Communications in the last 14 days
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.

2.79 out of 5 stars

Consumer Discretionary Sector

60th out of 289 stocks

Cable & Other Pay Television Services Industry

7th out of 20 stocks

RCI stock logo

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

Is Rogers Stock a Value Pick Right Now?
Rogers Communications (NYSE:RCI) PT Lowered to C$80.00
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RCI Company Calendar

Last Earnings
10/20/2021
Ex-Dividend for 7/4 Dividend
6/09/2022
Dividend Payable
7/04/2022
Today
8/11/2022
Ex-Dividend for 10/3 Dividend
9/08/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Employees
23,000
Year Founded
1960

Price Target and Rating

Average Stock Price Forecast
$77.63
High Stock Price Forecast
$89.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
+68.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$1.24 billion
Pretax Margin
15.38%

Debt

Sales & Book Value

Annual Sales
$11.69 billion
Cash Flow
$7.19 per share
Book Value
$16.78 per share

Miscellaneous

Free Float
N/A
Market Cap
$23.21 billion
Optionable
Optionable
Beta
0.44

Social Links


Key Executives

  • Mr. Anthony Staffieri F.C.A. (Age 57)
    FCA, FCPA, Pres, CEO & Director
    Comp: $1.36M
  • Mr. Jorge Capelas Fernandes
    Chief Technology & Information Officer
  • Mr. Robert Depatie (Age 63)
    Pres & COO of Home and Bus. Division
    Comp: $852.26k
  • Ms. Paulina Molnar
    Sr. VP of Controller & Risk Management
  • Mr. Glenn A. Brandt
    Chief Financial Officer
  • Mr. Mahes S. Wickramasinghe (Age 64)
    Chief Admin. Officer
  • Mr. Paul Carpino
    VP of Investor Relations
  • Ms. Marisa L. Wyse
    Chief Legal Officer & Corp. Sec.
  • Mr. Bret D. Leech
    Chief HR Officer
  • Ms. Lisa L. Durocher (Age 55)
    Exec. VP of Financial & Emerging Services













RCI Stock - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCI shares.
View RCI analyst ratings
or view top-rated stocks.

What is Rogers Communications' stock price forecast for 2022?

8 analysts have issued 1-year price objectives for Rogers Communications' shares. Their RCI share price forecasts range from $68.00 to $89.00. On average, they anticipate the company's share price to reach $77.63 in the next twelve months. This suggests a possible upside of 68.9% from the stock's current price.
View analysts price targets for RCI
or view top-rated stocks among Wall Street analysts.

How have RCI shares performed in 2022?

Rogers Communications' stock was trading at $47.63 at the start of the year. Since then, RCI shares have decreased by 3.5% and is now trading at $45.97.
View the best growth stocks for 2022 here
.

Are investors shorting Rogers Communications?

Rogers Communications saw a decline in short interest in 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 trading volume of 371,700 shares, the short-interest ratio is presently 10.9 days.
View Rogers Communications' Short Interest
.

When is Rogers Communications' next earnings date?

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

How were Rogers Communications' earnings last quarter?

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

How often does Rogers Communications pay dividends? What is the dividend yield for Rogers Communications?

Rogers Communications declared a quarterly dividend on Thursday, July 28th. Shareholders 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 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, September 8th.
Read our dividend analysis for RCI
.

Is Rogers Communications a good dividend stock?

Rogers Communications (NYSE:RCI) pays an annual dividend of $1.58 per share and currently has a dividend yield of 3.41%. 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.

What is Joe Natale's approval rating as Rogers Communications' CEO?

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.

What other stocks do shareholders of Rogers Communications own?

What is Rogers Communications' stock symbol?

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

Who are Rogers Communications' major shareholders?

Rogers Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc. (2.18%), Bank of Nova Scotia (1.40%), Toronto Dominion Bank (0.96%), Connor Clark & Lunn Investment Management Ltd. (0.61%), National Bank of Canada FI (0.50%) and Scotia Capital Inc. (0.43%).

How do I buy shares of Rogers Communications?

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.
Compare Top Brokerages Here.

What is Rogers Communications' stock price today?

One share of RCI stock can currently be purchased for approximately $45.97.

How much money does Rogers Communications make?

Rogers Communications (NYSE:RCI) has a market capitalization of $23.21 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.

How many employees does Rogers Communications have?

The company employs 23,000 workers across the globe.

Does Rogers Communications have any subsidiaries?

The following companies are subsidiares of Rogers Communications: Atria Networks, Aurora Cable, BLACKIRON Data, Brave Commerce, Cable Atlantic, Cable Cable, Mobilicity, Mountain Cablevision, Pivot Data Center, Rogers Communications Canada Inc., Rogers Media Inc., Rogers Sportsnet, and Ruralwave.
Read More

When was Rogers Communications founded?

Rogers Communications was founded in 1960.

How can I contact Rogers Communications?

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.

This page (NYSE:RCI) was last updated on 8/12/2022 by MarketBeat.com Staff

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