Should I buy or sell Rogers Communications stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCI.B shares. View RCI.B analyst ratings or view top-rated stocks .

What is Rogers Communications' stock price target for 2024?

10 Wall Street research analysts have issued twelve-month price targets for Rogers Communications' shares. Their RCI.B share price targets range from C$54.00 to C$90.00. On average, they anticipate the company's share price to reach C$72.35 in the next year. This suggests a possible upside of 17.2% from the stock's current price. View analysts price targets for RCI.B or view top-rated stocks among Wall Street analysts .

How have RCI.B shares performed in 2023?

Rogers Communications' stock was trading at C$63.37 on January 1st, 2023. Since then, RCI.B stock has decreased by 2.6% and is now trading at C$61.75. View the best growth stocks for 2023 here .

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

Rogers Communications announced a quarterly dividend on Thursday, September 7th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of 0.50 per share on Tuesday, October 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 7th. Read our dividend analysis for RCI.B .

Is Rogers Communications a good dividend stock?

Rogers Communications (TSE:RCI.B) pays an annual dividend of C$2.00 per share and currently has a dividend yield of 3.30%. The dividend payout ratio is 99.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for RCI.B .

How do I buy shares of Rogers Communications?

Shares of RCI.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Rogers Communications Stock Price, News & Analysis (TSE:RCI.B)

C$61.75

-0.16 (-0.26%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$61.10
▼
C$61.92
50-Day Range: C$50.52
▼
C$61.91
52-Week Range: C$50.15
▼
C$67.67

Volume: 1.61 million shs
Average Volume: 1.32 million shs
Market Capitalization: C$25.78 billion

P/E Ratio: 30.72
Dividend Yield: 3.24%
Price Target: C$72.35

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating: Buy
3.20 Rating Score
Upside/Downside: 17.2% Upside
C$72.35 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.69
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

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

3.6

Analyst's Opinion

Consensus Rating
Rogers Communications has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$72.35, Rogers Communications has a forecasted upside of 17.2% from its current price of C$61.75.
Amount of Analyst Coverage
Rogers Communications has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for RCI.B.

0.8

Dividend Strength

Dividend Yield
Rogers Communications pays a meaningful dividend of 3.30%, 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 99.50%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RCI.B.

3.2

News and Social Media Coverage

News Sentiment
Rogers Communications has a news sentiment score of 0.69. 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 0.48 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Rogers Communications this week, compared to 0 articles on an average week.
Search Interest
4 people have searched for RCI.B on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% 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
10.33% 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
61.22% 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

Price to Earnings Ratio vs. the Market
The P/E ratio of Rogers Communications is 30.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rogers Communications is 30.72, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 31.68.
Price to Earnings Growth Ratio
Rogers Communications has a PEG Ratio of 0.92. PEG Ratios below 1 indicate that a company could be undervalued.
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 Stock (TSE:RCI.B)

Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses. It provides its services to approximately 10.8 million subscribers. The Cable segment provides high-speed Internet, television, voice communication, and smart home monitoring services to consumers, businesses, governments, and wholesale resellers; and operates a transcontinental fiber-optic network that extends approximately 70,000 route kilometers, which provides voice and data communications and advanced services, including data centers and cloud computing to the enterprise, public sector, and carrier wholesale markets. Its service territory covers approximately 4.4 million homes. The Media segment owns the Toronto Blue Jays league baseball team and the Rogers Centre event venue; and offers television and radio broadcasting, multi-platform shopping experience, digital media, and publishing services. Rogers Communications Inc. was founded in 1920 and is based in Toronto, Canada.

RCI.B Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RCI.B Stock News Headlines

December 9, 2023 | americanbankingnews.com

Rogers Communications (TSE:RCI.B) Price Target Increased to C$78.00 by Analysts at National Bankshares

December 8, 2023 | markets.businessinsider.com

Energy Stocks Lifting Canadian Market; CWB Rises After Results

December 9, 2023 | DTI Trader (Ad)

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December 7, 2023 | americanbankingnews.com

Rogers Communications (TSE:RCI.B) Given New C$76.00 Price Target at Desjardins

December 4, 2023 | msn.com

2 of the Best Stocks to Play the Long Game Today

December 1, 2023 | finanznachrichten.de

Rogers Communications, Inc.: Rogers Acquires 3800 MHz 5G Spectrum Across Canada

December 1, 2023 | theglobeandmail.com

Wheels of justice grind slowly for Mobilicity’s initial investors

November 30, 2023 | americanbankingnews.com

Rogers Communications (TSE:RCI.B) Share Price Passes Above 200-Day Moving Average of $56.83

December 9, 2023 | DTI Trader (Ad)

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November 28, 2023 | msn.com

Online streamers should direct 2% of Canadian revenues to local content: Rogers

November 27, 2023 | seekingalpha.com

Rogers Communications: Growth In ARPU And Lower Debt Leverage Ratio Encouraging

November 9, 2023 | msn.com

Rogers reports Q3 net loss on joint venture charge, adjusted profit up from year ago

November 9, 2023 | theglobeandmail.com

Market movers: Why SU-T, CTC-A-T, RCI-B-T and more stocks are seeing action on Thursday

October 26, 2023 | theglobeandmail.com

Rogers shuts down CityNews Ottawa radio station, lays off newsroom staff

September 2, 2023 | finance.yahoo.com

Here's Why We're Wary Of Buying Rogers Communications' (TSE:RCI.B) For Its Upcoming Dividend

August 20, 2023 | theglobeandmail.com

Closing Bell: Rogers Communications Inc Cl B NV down on Friday (RCI-B)

July 26, 2023 | finanznachrichten.de

Rogers Communications, Inc.: Rogers Communications Reports Second Quarter 2023 Results

July 26, 2023 | baystreet.ca

Rogers Communications’ Q2 Profit Plunged 73% To $109 Million

July 26, 2023 | benzinga.com

Rogers Communications Reports Second Quarter 2023 Results

July 26, 2023 | msn.com

Rogers Communications Q2 Revenue Jumps 30%, Boosts FY23 Adj. EBITDA Growth Outlook

July 26, 2023 | finance.yahoo.com

With 49% ownership, Rogers Communications Inc. (TSE:RCI.B) boasts of strong institutional backing

July 26, 2023 | theglobeandmail.com

Rogers Communications Inc. Announces Expiration and Final Results of Exchange Offer for Notes Issued in Connection with Prior Private Offering

May 26, 2023 | msn.com

Rogers Communications: Everyone Keeps Ignoring Good News

May 8, 2023 | marketwatch.com

Rogers Communications Inc. Cl B stock rises Monday, outperforms market

April 21, 2023 | theglobeandmail.com

Closing Bell: Rogers Communications Inc Cl B NV flat on Friday (RCI-B)

April 21, 2023 | finanznachrichten.de

Rogers Communications Canada Inc.: Rogers Announces Executive Leadership Appointments

April 11, 2023 | theglobeandmail.com

Closing Bell: Rogers Communications Inc Cl B NV up on Monday (RCI-B)

See More Headlines

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Company Calendar

Ex-Dividend for 10/3 Dividend: 9/07/2023
Dividend Payable: 10/03/2023
Today: 12/09/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Telecom Services
Sub-Industry: N/A
Sector: Business Services
Current Symbol: TSE:RCI.B
CUSIP: N/A
CIK: N/A
Web: www.rogers.com
Phone: +1-416-0353532
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$72.35
High Stock Price Target: C$90.00
Low Stock Price Target: C$54.00
Potential Upside/Downside: +17.2%
Consensus Rating: Buy
Rating Score (0-4): 3.20
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.01
Trailing P/E Ratio: 30.72
Forward P/E Ratio: 13.37
P/E Growth: 0.92
Net Income: C$1.03 billion
Net Margins: 5.67%
Pretax Margin: N/A
Return on Equity: 9.98%
Return on Assets: 4.29%

Debt

Debt-to-Equity Ratio: 441.92
Current Ratio: 0.90
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: C$18.14 billion
Price / Sales: 1.42
Cash Flow: C$1.36 per share
Price / Cash Flow: 45.56
Book Value: C$20.75 per share
Price / Book: 2.98

Miscellaneous

Outstanding Shares: 417,410,000
Free Float: N/A
Market Cap: C$25.78 billion
Optionable: Not Optionable
Beta: 0.52

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Key Executives

Mr. Joseph M. Natale (Age 55)
Pres, CEO & Director
Mr. Anthony Staffieri F.C.A.
FCPA, FCA, Chief Financial Officer
Mr. Jorge Capelas Fernandes
Chief Technology & Information Officer
Mr. Dean L. Prevost
Pres of Rogers for Bus.
Mr. Brent R. Johnston
Pres of Wireless Division

Key Competitors

View All Competitors

Should I Buy Rogers Communications Stock? RCI.B Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Rogers Communications was last updated on Tuesday, November 28, 2023 at 9:51 PM.

Pros

Here are some ways that investors could benefit from investing in Rogers Communications Inc.:

Rogers Communications Inc. has recently announced a partnership with a leading technology company, which is expected to drive innovation and growth in the telecommunications industry.
The company has a strong track record of generating consistent revenue and profit growth, providing investors with potential long-term returns.
Rogers Communications Inc. has a diversified business portfolio, including wireless, cable, and media assets, which helps to mitigate risks and capture opportunities in different market segments.
The company has a solid financial position, with a healthy balance sheet and strong cash flow, which provides stability and flexibility for future investments and dividends.
Rogers Communications Inc. has a history of paying dividends to its shareholders, offering a potential source of income for investors.

Cons

Investors should be bearish about investing in Rogers Communications Inc. for these reasons:

The telecommunications industry is highly competitive, and Rogers Communications Inc. faces challenges from other major players in the market.
Regulatory changes and government policies can impact the operations and profitability of telecommunications companies, including Rogers Communications Inc.
Fluctuations in interest rates and economic conditions can affect consumer spending and demand for telecommunications services, potentially impacting the company's financial performance.
Rogers Communications Inc. operates in a rapidly evolving technological landscape, and failure to adapt to emerging trends and technologies could pose risks to its market position.
The current stock price of Rogers Communications Inc. should be carefully considered by investors, as it may be influenced by various factors such as market conditions and investor sentiment.

RCI.B Stock Analysis - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCI.B shares.
View RCI.B analyst ratings or view top-rated stocks.
What is Rogers Communications' stock price target for 2024?: 10 Wall Street research analysts have issued twelve-month price targets for Rogers Communications' shares. Their RCI.B share price targets range from C$54.00 to C$90.00. On average, they anticipate the company's share price to reach C$72.35 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
View analysts price targets for RCI.B or view top-rated stocks among Wall Street analysts.
How have RCI.B shares performed in 2023?: Rogers Communications' stock was trading at C$63.37 on January 1st, 2023. Since then, RCI.B stock has decreased by 2.6% and is now trading at C$61.75.
View the best growth stocks for 2023 here.
How often does Rogers Communications pay dividends? What is the dividend yield for Rogers Communications?: Rogers Communications announced a quarterly dividend on Thursday, September 7th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of 0.50 per share on Tuesday, October 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for RCI.B.

Is Rogers Communications a good dividend stock?: Rogers Communications (TSE:RCI.B) pays an annual dividend of C$2.00 per share and currently has a dividend yield of 3.30%. The dividend payout ratio is 99.50%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for RCI.B.
How do I buy shares of Rogers Communications?: Shares of RCI.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:RCI.B) was last updated on 12/9/2023 by MarketBeat.com Staff

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Rogers Communications Stock Price, News & Analysis (TSE:RCI.B)

Rogers Communications MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Rogers Communications Stock (TSE:RCI.B)

RCI.B Stock Price History

RCI.B Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Should I Buy Rogers Communications Stock? RCI.B Pros and Cons Explained

Pros

Cons

RCI.B Stock Analysis - Frequently Asked Questions

Overall MarketRank^™