Media headlines about Rogers Communications (NYSE:RCI) (TSE:RCI.B) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rogers Communications earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the Wireless communications provider an impact score of 46.8434805802362 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Rogers Communications (NYSE RCI) traded up $0.66 during mid-day trading on Friday, reaching $46.31. The company had a trading volume of 216,609 shares, compared to its average volume of 360,862. The firm has a market cap of $24,050.00, a PE ratio of 17.74, a PEG ratio of 2.93 and a beta of 0.86. Rogers Communications has a 1 year low of $41.33 and a 1 year high of $54.95. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.44 and a quick ratio of 0.39.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. Rogers Communications had a return on equity of 30.65% and a net margin of 12.09%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. equities research analysts predict that Rogers Communications will post 3.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 12th will be given a dividend of $0.3843 per share. This represents a $1.54 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, March 9th. Rogers Communications’s payout ratio is 58.62%.
RCI has been the subject of several analyst reports. Desjardins raised Rogers Communications from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Bank of America initiated coverage on Rogers Communications in a research note on Tuesday, November 21st. They set a “buy” rating for the company. Morgan Stanley boosted their target price on Rogers Communications from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded Rogers Communications from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Barclays reaffirmed a “hold” rating and set a $55.00 price target on shares of Rogers Communications in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Rogers Communications currently has an average rating of “Buy” and a consensus price target of $62.75.
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About Rogers Communications
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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