#4 - Rogers Communications (NYSE:RCI)
Even when investing in dividend stocks, it’s a good idea to take a diversified approach. That’s the lead-in for the next stock on our list, Rogers Communications (NYSE:RCI). The Canadian-based company is one of Canada's largest communications and media corporations. The company generates revenue from the wireless, cable, and media sectors.
RCI stock is looking a little expensive, trading at 18x earnings. That puts it slightly higher than the sector average. However, with earnings per share expected to grow at around a 17% rate in the next five years, RCI stock looks like a compelling opportunity. And the company has an attractive dividend yield of 3.38%.
Analysts tracked by MarketBeat give RCI stock a 46% upside from its current price of around $46 per share.
About Rogers Communications
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.
Read More - Current Price
- $35.23
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $61.75 (75.3% Upside)
