Headlines about Rogers Communication (NYSE:RCI) (TSE:RCI.B) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rogers Communication earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the Wireless communications provider an impact score of 46.3644234666983 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Rogers Communication (NYSE:RCI) opened at $52.55 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.41 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $27,053.27, a PE ratio of 20.77, a P/E/G ratio of 3.86 and a beta of 0.93. Rogers Communication has a 12-month low of $37.03 and a 12-month high of $54.24.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, October 19th. The Wireless communications provider reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.19). The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.63 billion. Rogers Communication had a return on equity of 30.40% and a net margin of 9.20%. Rogers Communication’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. analysts anticipate that Rogers Communication will post 2.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be given a $0.48 dividend. The ex-dividend date is Friday, December 8th. This represents a $1.92 dividend on an annualized basis and a yield of 3.65%. Rogers Communication’s payout ratio is 81.48%.
A number of analysts have recently weighed in on RCI shares. Zacks Investment Research upgraded Rogers Communication from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Tuesday, October 24th. TheStreet upgraded Rogers Communication from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. BidaskClub upgraded Rogers Communication from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Morgan Stanley raised their target price on Rogers Communication from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, August 25th. Finally, Barclays PLC raised their target price on Rogers Communication from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Rogers Communication presently has a consensus rating of “Buy” and a consensus target price of $61.00.
About Rogers Communication
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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