News headlines about Rogers Communications (NYSE:RCI) (TSE:RCI.B) have been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Rogers Communications earned a coverage optimism score of -2.50 on their scale. InfoTrie also gave headlines about the Wireless communications provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.
Shares of Rogers Communications stock opened at $53.53 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The stock has a market cap of $27.82 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.34 and a beta of 0.74. Rogers Communications has a 1-year low of $43.11 and a 1-year high of $54.83.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Friday, October 19th. The Wireless communications provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Rogers Communications had a net margin of 13.34% and a return on equity of 29.37%. As a group, equities analysts anticipate that Rogers Communications will post 3.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 11th will be paid a dividend of $0.3695 per share. This represents a $1.48 annualized dividend and a yield of 2.76%. This is a boost from Rogers Communications’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 10th. Rogers Communications’s dividend payout ratio is currently 54.24%.
A number of analysts recently weighed in on the stock. 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 Friday, November 30th. Edward Jones cut shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $52.67 price objective on the stock. in a research note on Thursday, November 29th. Finally, Desjardins cut shares of Rogers Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $54.89.
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Rogers Communications Company Profile
Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.
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