Rogers Communications (RCI) Getting Somewhat Positive Media Coverage, Analysis Finds

Headlines about Rogers Communications (NYSE:RCI) (TSE:RCI.B) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rogers Communications earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the Wireless communications provider an impact score of 45.9649386668111 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Rogers Communications (NYSE RCI) traded down $0.19 on Wednesday, reaching $51.53. The company had a trading volume of 322,600 shares, compared to its average volume of 309,053. Rogers Communications has a 12-month low of $37.81 and a 12-month high of $54.95. The company has a current ratio of 0.41, a quick ratio of 0.38 and a debt-to-equity ratio of 2.01. The firm has a market cap of $26,625.97, a price-to-earnings ratio of 20.44, a P/E/G ratio of 3.80 and a beta of 0.92.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.19). Rogers Communications had a net margin of 9.20% and a return on equity of 30.40%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts expect that Rogers Communications will post 2.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, December 8th. Rogers Communications’s dividend payout ratio is currently 81.48%.

Several research analysts recently commented on the stock. TheStreet upgraded shares of Rogers Communications from a “c+” rating to a “b” rating in a report on Thursday, October 19th. Zacks Investment Research raised shares of Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Monday, September 25th. Barclays raised their target price on Rogers Communications from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Morgan Stanley lifted their price objective on shares of Rogers Communications from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, August 25th. Finally, Bank of America started coverage on shares of Rogers Communications in a research note on Tuesday, November 21st. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Rogers Communications presently has a consensus rating of “Buy” and an average price target of $61.80.

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Rogers Communications Company Profile

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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