Rogers Communications (RCI) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $35.56 to $36.10
• 50-Day Range: $35.23 to $40.59
• 52-Week Range: $34.95 to $48.19
• Volume: 202,790 shs
• Average Volume: 775,818 shs
• Market Capitalization: $19.10 billion
• P/E Ratio: 17.43
• Dividend Yield: 4.14%
• Price Target: $61.75
• Consensus Rating: Moderate Buy

Rogers Communications Stock Analysis - MarketRank™

Rogers Communications scored higher than 97% of companies evaluated by MarketBeat, and ranked 4th out of 282 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Rogers Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Rogers Communications has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 7.87%

Earnings Growth

Earnings for Rogers Communications are expected to grow by 7.87% in the coming year, from $3.56 to $3.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Rogers Communications is 17.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Rogers Communications is 17.52, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.54.

Price to Earnings Growth Ratio

Rogers Communications has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Rogers Communications has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.41% of the float of Rogers Communications has been sold short.

Short Interest Ratio / Days to Cover

Rogers Communications has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Rogers Communications has recently increased by 15.37%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Rogers Communications is a leading dividend payer. It pays a dividend yield of 4.15%, 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 72.20%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Rogers Communications will have a dividend payout ratio of 38.54% next year. This indicates that Rogers Communications will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.8 / 5
• Environmental Score: -1.02

Percentage of Shares Shorted

1.41% of the float of Rogers Communications has been sold short.

Short Interest Ratio / Days to Cover

Rogers Communications has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Rogers Communications has recently increased by 15.37%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.28

News Sentiment

Rogers Communications has a news sentiment score of 1.28. 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 higher news sentiment than the 0.83 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Rogers Communications this week, compared to 5 articles on an average week.

Search Interest

Only 4 people have searched for RCI on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Rogers Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

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

29.00% 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

45.49% of the stock of Rogers Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 23.3% and is now trading at $35.91.
View the best growth stocks for 2024 here.

How were Rogers Communications' earnings last quarter?

Rogers Communications Inc. (NYSE:RCI) issued its quarterly earnings results on Thursday, October, 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.35. The company's revenue was up .7% compared to the same quarter last year.

Does Rogers Communications have any subsidiaries?

The following companies are subsidiaries of Rogers Communications: Ruralwave, Cable Cable, Mobilicity, Pivot Data Center, BLACKIRON Data, Mountain Cablevision, Brave Commerce, and more.

Who are Rogers Communications' major shareholders?

Top institutional investors of Rogers Communications include National Bank of Canada FI (1.17%), The Manufacturers Life Insurance Company (0.95%), Toronto Dominion Bank (0.78%) and Massachusetts Financial Services Co. MA (0.54%).

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), Wheaton Precious Metals (WPM) and Vermilion Energy (VET).

Company Calendar

• Ex-Dividend for 10/3 Dividend: 9/09/2024
• Dividend Payable: 10/03/2024
• Last Earnings: 10/24/2024
• Today: 12/03/2024
• Ex-Dividend for 1/3 Dividend: 12/09/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/03/2025
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Cable & other pay television services
• Sub-Industry: Communication
• Current Symbol: NYSE:RCI
• CUSIP: N/A
• CIK: 733099
• Web: www.rogers.com
• Phone: 416-935-7777
• Fax: 416-935-3597
• Employees: 26,000
• Year Founded: 1960

Price Target and Rating

• Average Stock Price Target: $61.75
• High Stock Price Target: $74.00
• Low Stock Price Target: $46.00
• Potential Upside/Downside: +72.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.05
• Trailing P/E Ratio: 17.52
• Forward P/E Ratio: 10.09
• P/E Growth: 1.1
• Net Income: $628.94 million
• Net Margins: 7.34%
• Pretax Margin: 10.34%
• Return on Equity: 23.75%
• Return on Assets: 3.67%

Debt

• Debt-to-Equity Ratio: 3.35
• Current Ratio: 0.68
• Quick Ratio: 0.64

Sales & Book Value

• Annual Sales: $14.18 billion
• Price / Sales: 1.35
• Cash Flow: $9.23 per share
• Price / Cash Flow: 3.89
• Book Value: $14.59 per share
• Price / Book: 2.46

Miscellaneous

• Outstanding Shares: 534,470,000
• Free Float: 379,472,000
• Market Cap: $19.19 billion
• Optionable: Optionable
• Beta: 0.67