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NYSE:RCI

Rogers Communications - RCI Stock Forecast, Price & News

$45.80

+1.05 (+2.35%)

(As of 03/20/2023 12:00 AM ET)

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Today's Range: $45.01
▼
$45.91
50-Day Range: $44.04
▼
$49.73
52-Week Range: $36.23
▼
$64.55

Volume: 256,465 shs
Average Volume: 288,892 shs
Market Capitalization: $23.13 billion

P/E Ratio: 18.39
Dividend Yield: 3.21%
Price Target: $74.31

Institutional Ownership

Rogers Communications MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 62.2% Upside
$74.31 Price Target
Short Interest: Bearish
2.18% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.33
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 11.18%
From $3.22 to $3.58 Per Share

Overall MarketRank^™

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

2.55 out of 5 stars

Consumer Discretionary Sector

71st out of 259 stocks

Cable & Other Pay Television Services Industry

7th out of 22 stocks

3.5

Analyst's Opinion

Consensus Rating
Rogers Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $74.31, Rogers Communications has a forecasted upside of 62.2% from its current price of $45.80.
Amount of Analyst Coverage
Rogers Communications has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
2.18% 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 24.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Rogers Communications has recently increased by 25.41%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Rogers Communications pays a meaningful dividend of 3.27%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Rogers Communications does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Rogers Communications is 59.04%. 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 41.06% next year. This indicates that Rogers Communications will be able to sustain or increase its dividend.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Rogers Communications has received a 19.98% net impact score from Upright. Rogers Communications seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". 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 -1.33.

2.6

News and Social Media Coverage

News Sentiment
Rogers Communications has a news sentiment score of 1.63. 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 0.41 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Rogers Communications this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for RCI on MarketBeat in the last 30 days. This is a decrease of -92% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

2.5

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 Insiders
29.00% of the stock of Rogers Communications is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
45.46% of the stock of Rogers Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Rogers Communications are expected to grow by 11.18% in the coming year, from $3.22 to $3.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rogers Communications is 18.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rogers Communications is 18.39, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.22.
Price to Earnings Growth Ratio
Rogers Communications has a PEG Ratio of 1.68. 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 2.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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RCI Stock News Headlines

March 7, 2023 | benzinga.com

Canada's Got Talent Reveals This Season's Showstopping Acts, Premiering March 21 on Citytv

March 7, 2023 | finance.yahoo.com

Canada’s Got Talent Reveals This Season’s Showstopping Acts, Premiering March 21 on Citytv

March 21, 2023 | Investor Place Media (Ad)

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March 4, 2023 | finance.yahoo.com

Do These 3 Checks Before Buying Rogers Communications Inc. (TSE:RCI.B) For Its Upcoming Dividend

March 1, 2023 | theglobeandmail.com

Quebecor’s growing problems at home make Freedom deal a must for Pierre Karl Péladeau

February 24, 2023 | seekingalpha.com

RCI Rogers Communications Inc.

February 20, 2023 | finance.yahoo.com

Rogers-Shaw lawyers could nab bigger share of C$100 mln-plus fee jackpot

February 17, 2023 | theglobeandmail.com

Rogers, Shaw and Videotron extend takeover deadline pending final approval from Ottawa

March 21, 2023 | Investing Daily (Ad)

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February 17, 2023 | msn.com

Rogers extends Shaw deal deadline to March 31

February 17, 2023 | finance.yahoo.com

Rogers, Shaw and Quebecor Extend Outside Date of Proposed Transactions to March 31, 2023

February 17, 2023 | finance.yahoo.com

Rogers-Shaw deal deadline extended for fourth time pending final approval

February 17, 2023 | finance.yahoo.com

UPDATE 2-Rogers-Shaw deal deadline extended for fourth time pending final approval

February 12, 2023 | theglobeandmail.com

Rogers in talks with Quebecor over domestic roaming rates as government mulls Shaw takeover

February 10, 2023 | finance.yahoo.com

UPDATE 1-Quebecor, Rogers mull cutting roaming rates amid Shaw merger scrutiny - Globe & Mail

February 10, 2023 | ca.finance.yahoo.com

Quebecor, Rogers mull cutting roaming rates amid Shaw merger scrutiny - Globe & Mail

February 5, 2023 | finance.yahoo.com

Rogers Communications Full Year 2022 Earnings: EPS Beats Expectations

February 3, 2023 | baystreet.ca

Rogers’ Q4 Profit Rises 25% To $508 Million

February 2, 2023 | theglobeandmail.com

Rogers profit jumps 25% as wireless gains fuel revenue growth

February 2, 2023 | finance.yahoo.com

Rogers Communications Profit Tops Estimates as Wireless Unit Drives Growth

January 30, 2023 | finance.yahoo.com

Rogers, Shaw and Quebecor Extend Outside Date of Proposed Transactions to February 17, 2023

January 27, 2023 | finance.yahoo.com

Dozen hedge funds eye bonanza as Rogers-Shaw deal nears close

January 26, 2023 | finance.yahoo.com

Analysts Estimate Rogers Communication (RCI) to Report a Decline in Earnings: What to Look Out for

January 26, 2023 | finance.yahoo.com

Rogers Communications Inc. (TSE:RCI.B) is a favorite amongst institutional investors who own 49%

January 24, 2023 | theglobeandmail.com

Federal court dismisses Competition Bureau’s appeal of Rogers-Shaw merger approval

January 20, 2023 | fool.ca

4 Things to Know About Rogers Stock

January 19, 2023 | theglobeandmail.com

TekSavvy asks CRTC to investigate Rogers-Videotron deal for Telecommunications Act violation

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RCI Company Calendar

Ex-Dividend for 1/3 Dividend: 12/08/2022
Dividend Payable: 1/03/2023
Last Earnings: 2/02/2023
Ex-Dividend for 4/3 Dividend: 3/09/2023
Today: 3/20/2023
Dividend Payable: 4/03/2023
Next Earnings (Estimated): 4/19/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Cable & other pay television services
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:RCI
CUSIP: N/A
CIK: 733099
Web: www.rogers.com
Phone: 416-935-7777
Fax: 416-935-3597
Employees: 23,000
Year Founded: 1960

Price Target and Rating

Average Stock Price Forecast: $74.31
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $68.00
Forecasted Upside/Downside: +62.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.49
Trailing P/E Ratio: 18.39
Forward P/E Ratio: 14.22
P/E Growth: 1.68
Net Income: $1.29 billion
Net Margins: 10.90%
Pretax Margin: 14.87%
Return on Equity: 18.14%
Return on Assets: 3.44%

Debt

Debt-to-Equity Ratio: 2.96
Current Ratio: 2.02
Quick Ratio: 1.97

Sales & Book Value

Annual Sales: $11.84 billion
Price / Sales: 1.95
Cash Flow: $7.10 per share
Price / Cash Flow: 6.45
Book Value: $15.37 per share
Price / Book: 2.98

Miscellaneous

Outstanding Shares: 504,920,000
Free Float: 358,497,000
Market Cap: $23.13 billion
Optionable: Optionable
Beta: 0.51

Social Links

Key Executives

Mr. Anthony Staffieri F.C.A. (Age 57)
FCA, FCPA, Pres, CEO & Director
Comp: $1.3M

Mr. Robert Depatie (Age 63)
Pres & COO of Home and Bus. Division
Comp: $817.15k

Ms. Paulina Molnar
Sr. VP of Controller & Risk Management

Mr. Glenn A. Brandt
Chief Financial Officer

Mr. Ronald E. McKenzie
Chief Technology & Information 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

RCI Stock - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 5 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 2023?: 5 Wall Street research analysts have issued 1-year price targets for Rogers Communications' shares. Their RCI share price forecasts range from $68.00 to $80.00. On average, they anticipate the company's stock price to reach $74.31 in the next year. This suggests a possible upside of 62.2% 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 2023?: Rogers Communications' stock was trading at $46.84 at the beginning of 2023. Since then, RCI stock has decreased by 2.2% and is now trading at $45.80.
View the best growth stocks for 2023 here.
Are investors shorting Rogers Communications?: Rogers Communications saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 7,650,000 shares, an increase of 25.4% from the February 13th total of 6,100,000 shares. Based on an average daily trading volume, of 314,000 shares, the days-to-cover ratio is currently 24.4 days. Currently, 2.2% of the company's shares are sold short.
View Rogers Communications' Short Interest.
When is Rogers Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our RCI earnings forecast.
How were Rogers Communications' earnings last quarter?: Rogers Communications Inc. (NYSE:RCI) released its quarterly earnings results on Thursday, February, 2nd. The Wireless communications provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. The Wireless communications provider earned $3.07 billion during the quarter, compared to analyst estimates of $3.08 billion. Rogers Communications had a trailing twelve-month return on equity of 18.14% and a net margin of 10.90%.
How often does Rogers Communications pay dividends? What is the dividend yield for Rogers Communications?: Rogers Communications announced a quarterly dividend on Thursday, February 2nd. Shareholders of record on Friday, March 10th will be paid a dividend of $0.368 per share on Monday, April 3rd. This represents a $1.47 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for RCI.
Is Rogers Communications a good dividend stock?: Rogers Communications (NYSE:RCI) pays an annual dividend of $1.47 per share and currently has a dividend yield of 3.27%. The dividend payout ratio is 59.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RCI will have a dividend payout ratio of 41.06% 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?: 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).
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 many different institutional and retail investors. Top institutional shareholders include 1832 Asset Management L.P. (2.32%), TD Asset Management Inc (2.12%), Mackenzie Financial Corp (1.63%), National Bank of Canada FI (1.16%), Bank of Nova Scotia (0.99%) and Toronto Dominion Bank (0.98%).
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 $45.80.
How much money does Rogers Communications make?: Rogers Communications (NYSE:RCI) has a market capitalization of $23.13 billion and generates $11.84 billion in revenue each year. The Wireless communications provider earns $1.29 billion in net income (profit) each year or $2.49 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
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 3/21/2023 by MarketBeat.com Staff

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Rogers Communications - RCI Stock Forecast, Price & News

Rogers Communications MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Rogers Communications (NYSE:RCI) Stock

RCI Stock News Headlines

RCI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

RCI Stock - Frequently Asked Questions

Overall MarketRank^™