Rogers Communications Inc. (NYSE: RCI) is -2.02% lower on its value in year-to-date trading and has touched a low of $44.19 and a high of $64.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RCI stock was last observed hovering at around $46.91 in the last trading session, with the day’s loss setting it -0.24% off its average median price target of $60.60 for the next 12 months. It is also 33.73% off the consensus price target high of $70.42 offered by 15 analysts, but current levels are 8.11% higher than the price target low of $50.79 for the same period.
Currently trading at $46.67, the stock is -1.00% and -3.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -0.51% at the moment leaves the stock -6.77% off its SMA200. RCI registered -8.95% loss for a year compared to 6-month loss of -6.12%.
The stock witnessed a -1.00% gain in the last 1 month and extending the period to 3 months gives it a -23.35%, and is 3.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.97% over the month.
Rogers Communications Inc. (RCI) has around 23000 employees, a market worth around $23.88B and $11.27B in sales. Current P/E ratio is 19.50 and Fwd P/E is 13.57. Profit margin for the company is 10.70%. Distance from 52-week low is 5.61% and -27.70% from its 52-week high. The company has generated returns on investments over the last 12 months (7.20%).
Rogers Communications Inc. (RCI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Rogers Communications Inc. (RCI) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Rogers Communications Inc. is expected to release its quarterly report on 10/20/2022.The EPS is expected to shrink by -2.10% this year.
Rogers Communications Inc. (RCI) Top Institutional Holders
The shares outstanding are 505.00M, and float is at 352.96M with Short Float at 0.60%.
Rogers Communications Inc. (RCI): Who are the competitors?
The company’s main competitors (and peers) include Shaw Communications Inc. (SJR) that is trading -7.46% down over the past 12 months and Netflix Inc. (NFLX) that is -56.41% lower over the same period. TELUS Corporation (TU) is 1.77% up on the 1-year trading charts.