Rogers Communications Inc. (NYSE: RCI) is -15.49% lower on its value in year-to-date trading and has touched a low of $36.55 and a high of $50.00 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 $39.80 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $39.56, the stock is -6.75% and -11.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -0.60% at the moment leaves the stock -8.02% off its SMA200. RCI registered -14.67% loss for a year compared to 6-month gain of 6.89%. The firm has a 50-day simple moving average (SMA 50) of $2.81 and a 200-day simple moving average (SMA200) of $7.12.
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The stock witnessed a -10.90% loss in the last 1 month and extending the period to 3 months gives it a -14.96%, and is -3.72% down 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 1.94% over the week and 1.65% over the month.
Rogers Communications Inc. (RCI) has around 26000 employees, a market worth around $20.97B and $14.31B in sales. Current P/E ratio is 32.59 and Fwd P/E is 9.67. Profit margin for the company is 4.38%. Distance from 52-week low is 8.24% and -20.88% from its 52-week high. The company has generated returns on investments over the last 12 months (1.58%).
Rogers Communications Inc. quarterly earnings per share for the current quarter are estimated at $0.78 with sales reaching $3.64B over the same period.The EPS is expected to grow by 6.76% this year, but quarterly earnings will post 6.60% year-over-year. Quarterly sales are estimated to grow 28.80% in year-over-year returns.
532 institutions hold shares in Rogers Communications Inc. (RCI), with institutional investors hold 72.42% of the company’s shares. The shares outstanding are 418.87M, and float is at 375.60M with Short Float at 1.68%. Institutions hold 64.21% of the Float.
The top institutional shareholder in the company is FIL LTD with over 33.93 million shares valued at $1.55 billion. The investor’s holdings represent 8.13% of the RCI Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 21.8 million shares valued at $994.84 million to account for 5.22% of the shares outstanding. The other top investors are Royal Bank of Canada which holds 21.72 million shares representing 5.20% and valued at over $991.17 million, while 1832 Asset Management L.P. holds 2.75% of the shares totaling 11.46 million with a market value of $523.01 million.
