Headlines about Rogers Communications (NYSE:RCI) (TSE:RCI.B) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rogers Communications earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the Wireless communications provider an impact score of 46.8434805802362 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Rogers Communications (NYSE RCI) traded down $0.44 during mid-day trading on Friday, reaching $46.11. 203,302 shares of the company’s stock were exchanged, compared to its average volume of 361,973. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 2.00. Rogers Communications has a one year low of $41.33 and a one year high of $54.95. The stock has a market capitalization of $23,547.41, a P/E ratio of 18.01, a PEG ratio of 2.92 and a beta of 0.86.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.63 billion. Rogers Communications had a net margin of 12.09% and a return on equity of 30.65%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. analysts anticipate that Rogers Communications will post 3.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th will be paid a $0.3843 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, March 9th. Rogers Communications’s dividend payout ratio (DPR) is 59.77%.
A number of equities analysts have commented on RCI shares. Barclays lifted their target price on shares of Rogers Communications from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. TheStreet raised shares of Rogers Communications from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, October 24th. Morgan Stanley lifted their target price on shares of Rogers Communications from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Finally, Bank of America started coverage on shares of Rogers Communications in a research note on Tuesday, November 21st. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Rogers Communications currently has an average rating of “Buy” and an average target price of $62.75.
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Rogers Communications Company Profile
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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