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Rogers Communications (RCI) Stock Price, News & Analysis

$40.89
-0.28 (-0.68%)
(As of 09/6/2024 ET)
Today's Range
$40.66
$41.84
50-Day Range
$36.20
$41.18
52-Week Range
$35.55
$48.19
Volume
658,110 shs
Average Volume
721,755 shs
Market Capitalization
$21.67 billion
P/E Ratio
51.11
Dividend Yield
3.52%
Price Target
$51.50

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
25.9% Upside
$51.50 Price Target
Short Interest
Bearish
1.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
1.74mentions of Rogers Communications in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.42%
From $3.59 to $4.00 Per Share

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.

4.71 out of 5 stars

Consumer Discretionary Sector

22nd out of 269 stocks

Cable & Other Pay Television Services Industry

3rd out of 17 stocks

RCI stock logo

About Rogers Communications Stock (NYSE:RCI)

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 financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and monitoring, security, automation, energy efficiency, and smart control through 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; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; voice, data networking, Internet protocol (IP), and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Additionally, the company 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 52 AM and FM radio stations. It also offers Rogers and the Rogers World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada.

RCI Stock Price History

RCI Stock News Headlines

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Company Calendar

Ex-Dividend for 7/5 Dividend
6/10/2024
Dividend Payable
7/05/2024
Last Earnings
7/24/2024
Today
9/07/2024
Ex-Dividend for 10/3 Dividend
9/09/2024
Dividend Payable
10/03/2024
Next Earnings (Estimated)
11/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
Communication
Employees
26,000
Year Founded
1960

Price Target and Rating

Average Stock Price Target
$51.50
High Stock Price Target
$57.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+25.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$628.94 million
Pretax Margin
6.84%

Debt

Sales & Book Value

Annual Sales
$20.42 billion
Cash Flow
$9.27 per share
Book Value
$14.56 per share

Miscellaneous

Free Float
376,315,000
Market Cap
$21.67 billion
Optionable
Optionable
Beta
0.68

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Key Executives

  • Mr. Anthony Staffieri FCA (Age 59)
    FCPA, President, CEO & Director
    Comp: $2.4M
  • Mr. Glenn A. Brandt
    Chief Financial Officer
  • Mr. Mahes S. Wickramasinghe (Age 66)
    President of Group Operations
    Comp: $1.33M
  • Mr. Philip J. Hartling
    President of Wireless
  • Ms. Colette S. Watson
    President of Rogers Sports & Media
  • Mr. Ronald E. McKenzie
    Chief Technology & Information Officer
  • Mr. Paul Carpino
    Vice President of Investor Relations
  • Ms. Marisa L. Wyse
    Chief Legal Officer & Corporate Secretary
  • Ms. Terrie L. Tweddle
    Chief Brand & Communications Officer
  • Ms. Marisa Fabiano
    Chief Human Resources Officer

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

Pros

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

  • Rogers Communications Inc. operates as a communications and media company in Canada, providing a diverse range of services including mobile Internet access, wireless voice, device financing, and more.
  • Rogers Communications Inc. has a strong presence in the Canadian market, offering stability and potential growth opportunities for investors.
  • Recent developments in the company's Wireless, Cable, and Media segments indicate a focus on innovation and adapting to changing market trends.
  • The current stock price of Rogers Communications Inc. is favorable for investors looking to enter the market at a reasonable valuation.
  • Rogers Communications Inc. has a history of delivering consistent dividends to its shareholders, providing a source of passive income.

Cons

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

  • Rogers Communications Inc. faces competition in the telecommunications and media industry, which could impact its market share and profitability.
  • The regulatory environment in Canada may pose challenges for Rogers Communications Inc., affecting its operations and growth prospects.
  • Fluctuations in the Canadian economy could impact consumer spending on communication services, affecting Rogers Communications Inc.'s revenue.
  • Rogers Communications Inc. may face technological disruptions and changes in consumer preferences that could require significant investments in infrastructure and innovation.
  • Investors should consider the overall market conditions and economic outlook when evaluating the potential risks of investing in Rogers Communications Inc.
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 Monday, August 19, 2024. Please send any questions or comments about these Rogers Communications pros and cons to contact@marketbeat.com.

RCI Stock Analysis - Frequently Asked Questions

How have RCI shares performed this year?

Rogers Communications' stock was trading at $46.81 on January 1st, 2024. Since then, RCI shares have decreased by 12.6% and is now trading at $40.89.
View the best growth stocks for 2024 here
.

How were Rogers Communications' earnings last quarter?

Rogers Communications Inc. (NYSE:RCI) announced its earnings results on Wednesday, July, 24th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.33. The firm's revenue was up .9% on a year-over-year basis.

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.

Does Rogers Communications have any subsidiaries?

Rogers Communications subsidiaries include these companies: Ruralwave, Cable Cable, Mobilicity, Pivot Data Center, BLACKIRON Data, Mountain Cablevision, Brave Commerce, and more.

Who are Rogers Communications' major shareholders?

Rogers Communications' top institutional investors include 1832 Asset Management L.P. (2.17%), TD Asset Management Inc (2.14%), Mackenzie Financial Corp (1.99%) and Toronto Dominion Bank (1.19%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Rogers Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Rogers Communications investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET) and Wheaton Precious Metals (WPM).

This page (NYSE:RCI) was last updated on 9/7/2024 by MarketBeat.com Staff

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