S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NYSE:RCI

Rogers Communications (RCI) Stock Price, News & Analysis

$37.91
-0.15 (-0.39%)
(As of 04/15/2024 ET)
Today's Range
$37.57
$38.64
50-Day Range
$37.91
$46.61
52-Week Range
$36.55
$50.00
Volume
657,972 shs
Average Volume
520,014 shs
Market Capitalization
$20.04 billion
P/E Ratio
31.59
Dividend Yield
3.88%
Price Target
$46.00

Rogers Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.3% Upside
$46.00 Price Target
Short Interest
Bearish
1.43% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.37mentions of Rogers Communications in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.17%
From $3.60 to $4.11 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.

4.20 out of 5 stars

Consumer Discretionary Sector

64th out of 260 stocks

Cable & Other Pay Television Services Industry

6th out of 18 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

A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
A.I. “Perfect Storm” Could Send THESE Stocks Sky High
A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.
Canadian Market Ends Weak On Profit Taking
RCI Jul 2024 60.000 call
RCI Oct 2024 40.000 call
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 4/3 Dividend
3/08/2024
Dividend Payable
4/03/2024
Today
4/15/2024
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
$46.00
High Stock Price Target
$46.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+21.3%
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
$9.18 per share
Book Value
$14.63 per share

Miscellaneous

Free Float
375,283,000
Market Cap
$20.04 billion
Optionable
Optionable
Beta
0.59

Social Links

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Key Executives

  • Mr. Anthony Staffieri FCA (Age 59)
    FCPA, President, CEO & Director
    Comp: $2.41M
  • Mr. Glenn A. Brandt
    Chief Financial Officer
  • Mr. Mahes S. Wickramasinghe (Age 66)
    President of Group Operations
    Comp: $1.34M
  • 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 operates in the communications and media industry, providing a diversified range of services including wireless, cable, and media, which can offer stability and potential growth opportunities.
  • The company offers a variety of innovative solutions such as mobile Internet access, device financing, and advanced wireless solutions for businesses, catering to evolving consumer needs and technological advancements.
  • Recent increase in stake by institutional investors like American Century Companies Inc. and BlackRock Inc. indicates confidence in the company's performance and potential for growth.
  • Rogers Communications owns Toronto Blue Jays and operates various television networks, which can provide additional revenue streams and brand visibility.
  • Despite market fluctuations, Rogers Communications has shown resilience and adaptability, positioning itself as a key player in the Canadian communications and media landscape.

Cons

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

  • The competitive nature of the communications industry may pose challenges for Rogers Communications in terms of market share retention and pricing strategies.
  • Regulatory changes or government interventions in the telecommunications sector could impact the company's operations and profitability.
  • Fluctuations in consumer preferences and technological advancements may require continuous investments in research and development, potentially affecting short-term profitability.
  • Market volatility and economic uncertainties could influence consumer spending patterns, impacting the demand for Rogers Communications' services.
  • Investors should carefully monitor the stock price of Rogers Communications and consider factors like market trends, financial performance, and industry developments before making investment decisions.
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 Saturday, April 13, 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 equities 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 equities 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 analysts have issued twelve-month price objectives for Rogers Communications' shares. Their RCI share price targets range from $46.00 to $46.00. On average, they predict the company's share price to reach $46.00 in the next year. This suggests a possible upside of 21.3% 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 at the beginning of the year. Since then, RCI stock has decreased by 19.0% and is now trading at $37.91.
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 trading volume of 434,000 shares, the days-to-cover ratio is currently 10.6 days. Approximately 1.2% of the company's stock are sold short.
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) announced its quarterly earnings results on Thursday, February, 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The Wireless communications provider had revenue of $3.92 billion for the quarter, compared to analyst estimates 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 announced a quarterly dividend on Friday, February 2nd. Investors of record on Monday, March 11th will be paid a dividend of $0.3742 per share on Wednesday, April 3rd. This represents a $1.50 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Friday, March 8th. This is a boost 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 3.88%. 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 35.77% 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 6,051 shares of RCI stock, representing 1.38% 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 variety of institutional and retail investors. Top institutional shareholders include NBC Securities Inc. (0.01%), Pacifica Partners Inc. (0.01%) and Gulf International Bank UK Ltd (0.00%).

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 4/16/2024 by MarketBeat.com Staff

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