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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:RCI

Rogers Communications (RCI) Stock Price, News & Analysis

$41.00
-0.20 (-0.49%)
(As of 03/28/2024 ET)
Today's Range
$40.88
$41.38
50-Day Range
$41.08
$47.74
52-Week Range
$36.55
$50.00
Volume
819,125 shs
Average Volume
458,370 shs
Market Capitalization
$21.67 billion
P/E Ratio
34.17
Dividend Yield
3.59%
Price Target
$52.00

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.8% Upside
$52.00 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.36mentions of Rogers Communications in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.76%
From $3.78 to $4.30 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.

4.89 out of 5 stars

Consumer Discretionary Sector

4th out of 267 stocks

Cable & Other Pay Television Services Industry

2nd out of 18 stocks

RCI stock logo

About Rogers Communications Stock (NYSE:RCI)

Rogers Communications Inc. operates as a communications and media company in North America. 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 services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and smart home monitoring services, such as monitoring, security, automation, energy efficiency, and smart control through a 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; 4K television programming; and seasonal games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Further, it provides residential and small business local telephony services; calling features, such as voicemail, call waiting, and long distance; voice, data networking, Internet protocol, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology (IT) and network technologies; cable access network services; and telecommunications technical consulting services. 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 54 AM and FM radio stations. Rogers Communications Inc. was founded in 1960 and is headquartered in Toronto, Canada.

RCI Stock Price History

RCI Stock News Headlines

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RCI Jul 2024 60.000 call
RCI Oct 2024 40.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/07/2023
Dividend Payable
1/02/2024
Last Earnings
2/01/2024
Ex-Dividend for 4/3 Dividend
3/08/2024
Today
3/29/2024
Dividend Payable
4/03/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$52.00
High Stock Price Target
$52.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+26.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$628.94 million
Pretax Margin
7.07%

Debt

Sales & Book Value

Annual Sales
$14.18 billion
Cash Flow
$9.19 per share
Book Value
$14.63 per share

Miscellaneous

Free Float
375,283,000
Market Cap
$21.67 billion
Optionable
Optionable
Beta
0.60

Social Links

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Key Executives

  • Mr. Anthony Staffieri FCA (Age 58)
    FCPA, President, CEO & Director
    Comp: $3.32M
  • Mr. Glenn A. Brandt
    Chief Financial Officer
  • Mr. Ronald E. McKenzie
    Chief Technology & Information Officer
  • Mr. Mahes S. Wickramasinghe (Age 66)
    Chief Commercial Officer
    Comp: $1.17M
  • Mr. Paul Carpino
    Vice President of Investor Relations
  • Ms. Marisa L. Wyse
    Chief Legal & Regulatory Officer
  • Ms. Terrie L. Tweddle
    Chief Brand & Communications Officer
  • Mr. Bret D. Leech
    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. reported strong quarterly earnings, beating the consensus estimate, which indicates financial stability and growth potential.
  • The company offers a diverse range of services including wireless, cable, media, and smart home monitoring, providing a broad revenue stream.
  • Rogers Communications Inc. has a solid market capitalization of $23.84 billion, reflecting its position as a significant player in the industry.
  • The stock price of Rogers Communications Inc. has been showing positive movement, with recent trading indicating an upward trend.
  • Rogers Communications Inc. operates in North America, a region with a stable and developed market for communication and media services, reducing geopolitical risks.

Cons

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

  • The debt-to-equity ratio of Rogers Communications Inc. is relatively high at 3.81, which may indicate higher financial leverage and risk.
  • The company's price-to-earnings ratio of 37.55 is above the industry average, suggesting the stock may be overvalued.
  • Rogers Communications Inc. faces competition from other major players in the industry, which could impact market share and profitability.
  • The company's revenue growth may face challenges in a competitive market environment with changing consumer preferences and technological advancements.
  • Investors should consider the impact of regulatory changes in the telecommunications sector, which could affect the company's operations and profitability.
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 Tuesday, March 26, 2024. Please send any questions or comments about these Rogers Communications pros and cons to contact@marketbeat.com.

RCI Stock Analysis - Frequently Asked Questions

Should I buy or sell Rogers Communications stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rogers Communications in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RCI shares.
View RCI analyst ratings
or view top-rated stocks.

What is Rogers Communications' stock price target for 2024?

3 equities research analysts have issued 12-month price objectives for Rogers Communications' shares. Their RCI share price targets range from $52.00 to $52.00. On average, they predict the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
View analysts price targets for RCI
or view top-rated stocks among Wall Street analysts.

How have RCI shares performed in 2024?

Rogers Communications' stock was trading at $46.81 on January 1st, 2024. Since then, RCI shares have decreased by 12.4% and is now trading at $41.00.
View the best growth stocks for 2024 here
.

Are investors shorting Rogers Communications?

Rogers Communications saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 4,620,000 shares, a drop of 26.8% from the February 29th total of 6,310,000 shares. Based on an average daily trading volume, of 434,000 shares, the short-interest ratio is presently 10.6 days. Currently, 1.2% of the shares of the company are short sold.
View Rogers Communications' Short Interest
.

When is Rogers Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our RCI earnings forecast
.

How can I listen to Rogers Communications' earnings call?

Rogers Communications will be holding an earnings conference call on Wednesday, April 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 604-638-9010 with passcode "0764#".

How were Rogers Communications' earnings last quarter?

Rogers Communications Inc. (NYSE:RCI) posted its quarterly earnings data on Thursday, February, 1st. The Wireless communications provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The Wireless communications provider earned $3.92 billion during the quarter, compared to the consensus estimate of $3.99 billion. Rogers Communications had a trailing twelve-month return on equity of 22.17% and a net margin of 4.38%.

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

Rogers Communications declared a quarterly dividend on Friday, February 2nd. Investors of record on Monday, March 11th will be given a dividend of $0.3742 per share on Wednesday, April 3rd. This represents a $1.50 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for RCI
.

Is Rogers Communications a good dividend stock?

Rogers Communications (NYSE:RCI) pays an annual dividend of $1.47 per share and currently has a dividend yield of 3.59%. The dividend payout ratio is 122.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RCI will have a dividend payout ratio of 34.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RCI.

What ETF holds Rogers Communications' stock?

SPDR S&P Kensho Intelligent Structures ETF holds 9,112 shares of RCI stock, representing 1.65% of its portfolio.

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.

What other stocks do shareholders of Rogers Communications own?
Who are Rogers Communications' major shareholders?

Rogers Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include FIL Ltd (6.91%), Canoe Financial LP (3.01%), 1832 Asset Management L.P. (2.40%), Beutel Goodman & Co Ltd. (2.21%), TD Asset Management Inc (2.10%) and Mackenzie Financial Corp (1.78%).

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.

Does Rogers Communications have any subsidiaries?
The following companies are subsidiares of Rogers Communications: Atria Networks, Aurora Cable, BLACKIRON Data, Brave Commerce, Cable Atlantic, Cable Cable, Mobilicity, Mountain Cablevision, Pivot Data Center, Rogers Communications Canada Inc., Rogers Media Inc., Rogers Sportsnet, and Ruralwave.
Read More
This page (NYSE:RCI) was last updated on 3/29/2024 by MarketBeat.com Staff

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