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Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
US Dollar Replaced By "Biden Bucks"? (Ad)
TSE:RCI.B

Rogers Communications - RCI.B Stock Forecast, Price & News

C$59.02
+0.31 (+0.53%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$58.92
C$59.60
50-Day Range
C$55.93
C$64.26
52-Week Range
C$55.55
C$80.85
Volume
1.76 million shs
Average Volume
1.59 million shs
Market Capitalization
C$23.24 billion
P/E Ratio
17.72
Dividend Yield
3.41%
Price Target
C$78.60
RCI.B stock logo

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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RCI.B shares. TD Securities upgraded shares of Rogers Communications from a "buy" rating to an "action list buy" rating and raised their price objective for the company from C$80.00 to C$85.00 in a research note on Monday, August 8th. National Bankshares cut their target price on shares of Rogers Communications from C$80.00 to C$78.00 and set an "outperform" rating for the company in a research report on Thursday, July 28th. Canaccord Genuity Group upgraded shares of Rogers Communications to a "buy" rating and set a C$69.00 target price for the company in a research report on Tuesday, June 21st. BMO Capital Markets lifted their target price on shares of Rogers Communications from C$76.00 to C$80.00 in a research report on Thursday, April 21st. Finally, Royal Bank of Canada cut their target price on shares of Rogers Communications from C$75.00 to C$73.00 and set a "sector perform" rating for the company in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$77.09.

Rogers Communications Trading Up 0.5 %

RCI.B traded up C$0.31 during trading on Friday, hitting C$59.02. 1,762,283 shares of the company's stock were exchanged, compared to its average volume of 1,586,448. The company has a current ratio of 2.49, a quick ratio of 0.58 and a debt-to-equity ratio of 335.48. Rogers Communications has a 1 year low of C$55.55 and a 1 year high of C$80.85. The stock has a 50 day moving average price of C$60.27 and a 200 day moving average price of C$65.26. The firm has a market cap of C$23.24 billion and a P/E ratio of 17.72.

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RCI.B Stock News Headlines

Rogers Communications (TSE:RCI.B) PT Lowered to C$73.00
Canadian phone companies waive charges for Ukraine calls, texts
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Industry, Sector and Symbol

Industry
Telecom Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$78.60
High Stock Price Forecast
C$90.00
Low Stock Price Forecast
C$69.00
Forecasted Upside/Downside
+33.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$15.07 billion
Cash Flow
C$1.32 per share
Book Value
C$21.42 per share

Miscellaneous

Free Float
N/A
Market Cap
C$23.24 billion
Optionable
Not Optionable
Beta
N/A

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













RCI.B Stock - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?

9 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, 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 forecast for 2022?

9 Wall Street research analysts have issued 12 month price objectives for Rogers Communications' stock. Their RCI.B share price forecasts range from C$69.00 to C$90.00. On average, they predict the company's share price to reach C$78.60 in the next twelve months. This suggests a possible upside of 33.2% 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 2022?

Rogers Communications' stock was trading at C$60.23 at the beginning of the year. Since then, RCI.B shares have decreased by 2.0% and is now trading at C$59.02.
View the best growth stocks for 2022 here
.

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

Rogers Communications declared a quarterly dividend on Wednesday, September 8th. Stockholders of record on Friday, October 1st will be given a dividend of 0.50 per share on Friday, October 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, September 8th.
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 3.41%. The dividend payout ratio is 60.06%. 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$59.02.

How much money does Rogers Communications make?

Rogers Communications (TSE:RCI.B) has a market capitalization of C$23.24 billion and generates C$15.07 billion in revenue each year.

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 8/14/2022 by MarketBeat.com Staff

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