Based on ratings from 12 stock analysts, the Rogers Communications Inc stock price is expected to decrease by 2.66% in 12 months. This is calculated by using the average 12-month stock price forecast for Rogers Communications Inc. The lowest target is $27.23459 and the highest is $43.78739. Please note analyst price targets are not guaranteed and could be missed completely.
About 12 Wall Street analysts have assigned RCI 7 buy ratings, 5 hold ratings, and 0 sell ratings. This means that analysts expect Rogers Communications Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on RCI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of RCI.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Tim Casey BMO Capital | Outperform | $70 | Maintains | Sep 19, 2024 |
Vince Valentini TD Securities | Buy | $74 | Maintains | Sep 19, 2024 |
Aravinda Galappatthige Canaccord Genuity | Hold | $57 | Downgrade | Jul 25, 2024 |
Kannan Venkateshwar Barclays | Overweight | $46 | Maintains | Apr 10, 2024 |
Kannan Venkateshwar Barclays | Overweight | $52 | Maintains | Feb 12, 2024 |
Adam Shine National Bank Financial Inc | Outperform | $79 | Maintains | Jun 28, 2023 |
Kannan Venkateshwar Barclays | Overweight | $55 | Reinstates | May 8, 2023 |
Jerome Dubreuil Desjardins | Buy | Upgrade | Jan 28, 2022 | |
Barclays | Equal-Weight | Initiates | Oct 2, 2020 | |
RBC Capital | Outperform | Upgrade | Oct 24, 2019 | |
BMO Capital | Outperform | $79 | Maintains | Jul 24, 2019 |
JP Morgan | Underweight | Downgrade | Jul 8, 2019 | |
Desjardins | Buy | Upgrade | May 1, 2019 | |
Scotiabank | Sector Perform | Downgrade | Apr 22, 2019 | |
Macquarie | Neutral | Downgrade | Jan 25, 2019 | |
Edward Jones | Hold | Downgrade | Nov 29, 2018 | |
Desjardins | Hold | Downgrade | Oct 22, 2018 | |
Phillip Huang Barclays | Equal-Weight | $53 | Maintains | Jul 20, 2018 |
Desjardins | Buy | Upgrade | Jan 8, 2018 | |
Simon Flannery Morgan Stanley | Equal-Weight | $71 | Maintains | Nov 17, 2017 |
When did it IPO
1996
Staff Count
26,000
Country
Canada
Sector/Industry
Communication Services/Telecom Services
CEO
Mr. Anthony Staffieri FCA, FCPA
Market Cap
$19.85B
In 2023, RCI generated $19.31B in revenue, which was a increase of 25.41% from the previous year. This can be seen as a signal that RCI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Rogers has received approval from the Science Based Targets initiative for its net-zero greenhouse gas emissions targets.
Why It Matters - Rogers' approval of net-zero GHG emissions targets enhances its ESG profile, potentially attracting environmentally-conscious investors and improving long-term sustainability.
Summary - Blackstone Inc is bidding C$7 billion ($5.03 billion) for a minority stake in Rogers Communications' cellphone infrastructure business, according to the Globe and Mail.
Why It Matters - Blackstone's $5.03 billion bid for Rogers' telecom assets signals confidence in the sector, potentially boosting valuations and attracting further investment interest.
Summary - Rogers Communication (RCI) is currently oversold, suggesting reduced selling pressure. Analysts are revising earnings estimates upward, indicating a potential trend reversal.
Why It Matters - Rogers Communication's oversold status and upgraded earnings estimates suggest a potential price rebound, making it an attractive opportunity for investors seeking recovery plays.
Summary - CLPR, GBX, TZOO, RCI, and PI have been upgraded to Zacks Rank #1 (Strong Buy) as of October 28, 2024.
Why It Matters - The addition of CLPR, GBX, TZOO, RCI, and PI to the Zacks Rank #1 (Strong Buy) list signals strong potential for growth, indicating favorable market conditions and positive earnings outlooks for these stocks.
Summary - CLPR, HAFC, and RCI are ranked #1 (Strong Buy) by Zacks as of October 28, 2024, indicating strong potential for income investors.
Why It Matters - CLPR, HAFC, and RCI being ranked as Strong Buy signals potential for high returns, attracting investor interest and possibly driving up their stock prices.
Summary - Rogers Communications reported lower-than-expected third-quarter wireless subscriber additions due to cautious spending and strong competition in the telecom sector.
Why It Matters - Rogers Communications' missed subscriber targets signal weak demand and competitive pressures, potentially impacting revenue growth and investor sentiment in the telecom sector.