TSE:RCI.B

Rogers Communications (RCI.B) Stock Forecast, Price & News

C$54.85

+0.29 (+0.53%)

(As of 09/22/2023 ET)

Compare

Today's Range: C$54.33
▼
C$55.15
50-Day Range: C$53.24
▼
C$60.82
52-Week Range: C$50.53
▼
C$67.67

Volume: 802,815 shs
Average Volume: 1.34 million shs
Market Capitalization: C$22.89 billion

P/E Ratio: 18.66
Dividend Yield: 3.65%
Price Target: C$75.80

Profile Analyst Ratings Chart Competitors Dividend Headlines Social Media

Rogers Communications MarketRank™ Forecast

Analyst Rating: Buy
3.17 Rating Score
Upside/Downside: 38.2% Upside
C$75.80 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

2.73 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 3.17, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$75.80, Rogers Communications has a forecasted upside of 38.2% from its current price of C$54.85.
Amount of Analyst Coverage
Rogers Communications has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Leadership
Rogers Communications is a leading dividend payer. It pays a dividend yield of 3.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Rogers Communications does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Rogers Communications is 68.03%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

1.1

News and Social Media Coverage

Search Interest
3 people have searched for RCI.B on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
7 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 250% 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 18.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rogers Communications is 18.66, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 23.36.
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 2.51. 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 (TSE:RCI.B) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

RCI.B Stock News Headlines

September 17, 2023 | americanbankingnews.com

Royal Bank of Canada Upgrades Rogers Communications (TSE:RCI.B) to "Outperform"

September 2, 2023 | finance.yahoo.com

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

September 24, 2023 | Behind the Markets (Ad)

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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

September 24, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

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)

April 6, 2023 | theglobeandmail.com

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

March 31, 2023 | finanznachrichten.de

Rogers Communications, Inc.: Rogers provides update to 2023 financial guidance to give effect to its acquisition of Shaw Communications

March 31, 2023 | msn.com

Shaw gains after Canadian regulator approves C$20B sale to Rogers Communications

March 13, 2023 | marketwatch.com

Rogers Communications Inc. Cl B stock falls Monday, underperforms market

March 10, 2023 | finanznachrichten.de

Rogers Communications, Inc.: Rogers Communications Inc. Files Annual Financial Statements and Report to Shareholders

February 9, 2023 | nasdaq.com

Rogers Communications (RCI) to Provide Coverage for MLB 2023

February 2, 2023 | finanznachrichten.de

Rogers Communications, Inc.: Rogers Communications Reports Fourth Quarter and Full-Year 2022 Results; Announces 2023 Financial Guidance

January 31, 2023 | marketwatch.com

Rogers Communications Inc. Cl B stock rises Tuesday, still underperforms market

January 24, 2023 | msn.com

Canadian court clears way for Rogers Communications’ nearly $20 billion takeover of rival Shaw

January 17, 2023 | finanznachrichten.de

Rogers Communications Canada Inc.: Rogers Communications Announces the Passing of Alan Horn

November 9, 2022 | benzinga.com

Rogers Communications Q3 Revenue Grew 2% YoY To C$3,74B

See More Headlines

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RCI.B Company Calendar

Ex-Dividend for 10/3 Dividend: 9/07/2023
Today: 9/24/2023
Dividend Payable: 10/03/2023

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 Forecast: C$75.80
High Stock Price Forecast: C$90.00
Low Stock Price Forecast: C$68.00
Forecasted Upside/Downside: +38.2%
Consensus Rating: Buy
Rating Score (0-4): 3.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.94
Trailing P/E Ratio: 18.66
Forward P/E Ratio: 10.48
P/E Growth: 0.92
Net Income: C$1.50 billion
Net Margins: 8.93%
Pretax Margin: N/A
Return on Equity: 13.40%
Return on Assets: 3.95%

Debt

Debt-to-Equity Ratio: 399.46
Current Ratio: 0.65
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: C$16.79 billion
Price / Sales: 1.36
Cash Flow: C$1.20 per share
Price / Cash Flow: 45.56
Book Value: C$21.87 per share
Price / Book: 2.51

Miscellaneous

Outstanding Shares: 417,410,000
Free Float: N/A
Market Cap: C$22.89 billion
Optionable: Not Optionable
Beta: 0.43

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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

RCI.B Stock - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last year. There are currently 1 hold rating, 3 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 forecast for 2023?: 6 equities research analysts have issued 12-month target prices for Rogers Communications' stock. Their RCI.B share price forecasts range from C$68.00 to C$90.00. On average, they anticipate the company's stock price to reach C$75.80 in the next twelve months. This suggests a possible upside of 38.2% 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 at the beginning of the year. Since then, RCI.B shares have decreased by 13.4% and is now trading at C$54.85.
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 declared a quarterly dividend on Thursday, September 7th. Shareholders of record on Tuesday, October 3rd will be given a dividend of 0.50 per share on Tuesday, October 3rd. This represents a $2.00 annualized dividend and a yield of 3.65%. The ex-dividend date 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 3.55%. The dividend payout ratio is 68.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RCI.B.
What is Rogers Communications' stock symbol?: Rogers Communications trades on the Toronto Stock Exchange (TSX) under the ticker symbol "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.
What is Rogers Communications' stock price today?: One share of RCI.B stock can currently be purchased for approximately C$54.85.
How much money does Rogers Communications make?: Rogers Communications (TSE:RCI.B) has a market capitalization of C$22.89 billion and generates C$16.79 billion in revenue each year. The company earns C$1.50 billion in net income (profit) each year or C$2.94 on an earnings per share basis.
How can I contact Rogers Communications?: Rogers Communications' mailing address is 333 Bloor St E 10th Floor 6, TORONTO, ON M4W 1G9, Canada. The official website for the company is www.rogers.com. The company can be reached via phone at +1-416-0353532.

This page (TSE:RCI.B) was last updated on 9/24/2023 by MarketBeat.com Staff

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Rogers Communications (RCI.B) Stock Forecast, Price & News

Rogers Communications MarketRank™ Forecast

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

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Rogers Communications (TSE:RCI.B) Stock

RCI.B Price History

RCI.B Stock News Headlines

RCI.B Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

RCI.B Stock - Frequently Asked Questions

Overall MarketRank^™