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 year. There are currently 7 buy ratings and 1 strong buy rating 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?

8 Wall Street research analysts have issued 1-year target prices for Rogers Communications' shares. Their RCI.B share price targets range from C$63.00 to C$88.00. On average, they predict the company's share price to reach C$75.21 in the next twelve months. This suggests a possible upside of 44.0% 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 2024?

Rogers Communications' stock was trading at C$62.03 at the start of the year. Since then, RCI.B shares have decreased by 15.8% and is now trading at C$52.24. View the best growth stocks for 2024 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 paid a dividend of 0.50 per share on Tuesday, October 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.83%. 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 3.72%. The dividend payout ratio is 123.46%. 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 .

TSE:RCI.B

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

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C$52.24

-0.18 (-0.34%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$51.79
▼
C$53.09
50-Day Range: C$52.24
▼
C$62.87
52-Week Range: C$50.15
▼
C$67.67

Volume: 1.72 million shs
Average Volume: 1.50 million shs
Market Capitalization: C$21.95 billion

P/E Ratio: 32.25
Dividend Yield: 3.83%
Price Target: C$75.21

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines

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Rogers Communications MarketRank™ Stock Analysis

Analyst Rating: Buy
3.13 Rating Score
Upside/Downside: 44.0% Upside
C$75.21 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.58
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.18 out of 5 stars

4.6

Analyst's Opinion

Consensus Rating
Rogers Communications has received a consensus rating of Buy. The company's average rating score is 3.13, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Rogers Communications has been the subject of 7 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.

1.7

Dividend Strength

Dividend Leadership
Rogers Communications is a leading dividend payer. It pays a dividend yield of 3.72%, 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 123.46%. 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.

0.8

News and Social Media Coverage

News Sentiment
Rogers Communications has a news sentiment score of -0.58. 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 lower news sentiment than the 0.64 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Rogers Communications this week, compared to 1 article on an average week.
Search Interest
Only 3 people have searched for RCI.B on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% 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
11.33% 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
64.07% 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 32.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rogers Communications is 32.25, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 37.01.
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 2.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

April 11, 2024 | americanbankingnews.com

Rogers Communications (TSE:RCI.B) PT Lowered to C$68.00 at Royal Bank of Canada

April 10, 2024 | americanbankingnews.com

Rogers Communications (TSE:RCI.B) Price Target Cut to C$63.00 by Analysts at Barclays

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April 10, 2024 | americanbankingnews.com

Rogers Communications (TSE:RCI.B) Price Target Cut to C$76.00 by Analysts at National Bankshares

April 1, 2024 | theglobeandmail.com

Rogers Communications: Top 25 Undervalued Toronto Stock Exchange Stocks (RCI-B)

March 28, 2024 | msn.com

Rogers seeking to expand Hampton service with new tower

March 28, 2024 | ca.finance.yahoo.com

What’s the CPP Contribution Amount for 2024?

March 15, 2024 | msn.com

Vodafone gains as it confirms €8B sale of Italy unit to Swisscom, feeding buybacks

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February 8, 2024 | msn.com

Rogers Communications prices $2.5B senior notes

February 1, 2024 | msn.com

Rogers hit by costs related to Shaw acquisition, reports Q4 profit down from year ago

February 1, 2024 | finanznachrichten.de

Rogers Communications, Inc.: Rogers Communications Reports Fourth Quarter 2023 Results; Announces 2024 Financial Guidance

January 26, 2024 | finance.yahoo.com

With 47% institutional ownership, Rogers Communications Inc. (TSE:RCI.B) is a favorite amongst the big guns

January 13, 2024 | msn.com

Contrarian Investing: How to Capitalize on the Bears

January 6, 2024 | seekingalpha.com

RCI.B:CA Rogers Communications Inc.

January 3, 2024 | msn.com

Rogers to increase price of some wireless phone plans

December 11, 2023 | theglobeandmail.com

Rogers sells Cogeco stake as it looks to pay down debt in wake of Shaw takeover

December 11, 2023 | finance.yahoo.com

Rogers Accelerates De-Leveraging Plans With Private Sale of Cogeco Shares

December 11, 2023 | ca.finance.yahoo.com

Missed opportunity or dodged bullet? What Ohtani's L.A. pick means for Rogers

December 8, 2023 | markets.businessinsider.com

Energy Stocks Lifting Canadian Market; CWB Rises After Results

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 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

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Business Services
Industry: Telecom Services
Sub-Industry: N/A
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$75.21
High Stock Price Target: C$88.00
Low Stock Price Target: C$63.00
Potential Upside/Downside: +44.0%
Consensus Rating: Buy
Rating Score (0-4): 3.13
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.62
Trailing P/E Ratio: 32.25
Forward P/E Ratio: 10.72
P/E Growth: 0.92
Net Income: C$849 million
Net Margins: 4.40%
Pretax Margin: N/A
Return on Equity: 8.27%
Return on Assets: 4.47%

Debt

Debt-to-Equity Ratio: 442.92
Current Ratio: 0.89
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: C$19.31 billion
Price / Sales: 1.14
Cash Flow: C$1.15 per share
Price / Cash Flow: 45.56
Book Value: C$19.70 per share
Price / Book: 2.65

Miscellaneous

Outstanding Shares: 420,110,000
Free Float: N/A
Market Cap: C$21.95 billion
Optionable: Not Optionable
Beta: 0.54

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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

Pros

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

Rogers Communications has been given a consensus "Buy" rating by multiple brokerages, indicating positive sentiment from analysts.
Recent analyst reports have shown an increase in target prices for Rogers Communications, suggesting growth potential.
The company operates in three segments - Wireless, Cable, and Media, providing diversified revenue streams.
Rogers Communications offers wireless voice and data communication services to various consumer segments, showcasing a broad market reach.
With a market capitalization of C$23.43 billion, Rogers Communications is a significant player in the Canadian communications and media industry.

Cons

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

The current stock price of Rogers Communications is C$55.78, which may be considered high by some investors.
Rogers Communications has a debt-to-equity ratio of 442.92, indicating a high level of debt compared to equity, which could pose financial risks.
The company's price-to-earnings ratio of 34.43 may suggest that the stock is relatively expensive compared to its earnings.
Rogers Communications' 52-week high of C$67.67 may indicate potential resistance levels for the stock price.
Investors should consider the company's beta of 0.55, which implies lower volatility compared to the market average.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Rogers Communications pros and cons to contact@marketbeat.com.

RCI.B Stock Analysis - 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 year. There are currently 7 buy ratings and 1 strong buy rating 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?: 8 Wall Street research analysts have issued 1-year target prices for Rogers Communications' shares. Their RCI.B share price targets range from C$63.00 to C$88.00. On average, they predict the company's share price to reach C$75.21 in the next twelve months. This suggests a possible upside of 44.0% 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 2024?: Rogers Communications' stock was trading at C$62.03 at the start of the year. Since then, RCI.B shares have decreased by 15.8% and is now trading at C$52.24.
View the best growth stocks for 2024 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 paid a dividend of 0.50 per share on Tuesday, October 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.83%. 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 3.72%. The dividend payout ratio is 123.46%. 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 4/16/2024 by MarketBeat.com Staff

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

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

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^™