Rogers Communications Inc

Rogers Communications Inc Stock Forecast & Price Prediction

Live Rogers Communications Inc Stock (RCI) Price
$36.58

12

Ratings

  • Buy 7
  • Hold 5
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$36.58

P/E Ratio

17.93

Volume Traded Today

$1.1M

Dividend

$0.372

52 Week High/low

48.19/35.55

Rogers Communications Inc Market Cap

$19.85B

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RCI Summary

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.

RCI Analyst Ratings

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.

RCI stock forecast by analyst

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

RCI Company Information

What They Do: Provides communications and media services in Canada.

Business Model: The company operates through three main segments: Wireless, Cable, and Media. It generates revenue by offering a wide range of telecommunications services, including mobile and internet access, voice services, and device financing. Additionally, it earns income from media operations, including television networks and sports franchises.

Other Information: Founded in 1960 and headquartered in Toronto, Rogers Communications also owns the Toronto Blue Jays and operates various television and radio networks. The company serves both residential and business customers, providing comprehensive connectivity and entertainment solutions across multiple platforms.
RCI
Rogers Communications Inc (RCI)

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

Rogers Communications Inc (RCI) Financial Data

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

$13.92B

Revenue From 2021

$14.66B

5.31 %
From Previous Year

Revenue From 2022

$15.40B

5.06 %
From Previous Year

Revenue From 2023

$19.31B

25.41 %
From Previous Year
  • Revenue TTM $14.73B
  • Operating Margin TTM 27.1%
  • Gross profit TTM $8.58B
  • Return on assets TTM 4.2%
  • Return on equity TTM 13.5%
  • Profit Margin 7.4%
  • Book Value Per Share 21.08%
  • Market capitalisation $19.85B
  • Revenue for 2021 $14.66B
  • Revenue for 2022 $15.40B
  • Revenue for 2023 $19.31B
  • EPS this year (TTM) $2.04

Rogers Communications Inc (RCI) Latest News

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

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.

News Image

Wed, 30 Oct 2024

Sentiment - POSITIVE

Source - Reuters

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.

News Image

Mon, 28 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

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.

News Image

Mon, 28 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Mon, 28 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Thu, 24 Oct 2024

Sentiment - NEGATIVE

Source - Reuters

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.

...

RCI Frequently asked questions

The highest forecasted price for RCI is $43.78739 from at .

The lowest forecasted price for RCI is $27.23459 from from

The RCI analyst ratings consensus are 7 buy ratings, 5 hold ratings, and 0 sell ratings.