Rogers Communications Inc. (NYSE: RCI) is -16.34% lower on its value in year-to-date trading and has touched a low of $35.55 and a high of $48.19 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 $39.38 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $39.16, the stock is -3.01% and -1.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing -0.56% at the moment leaves the stock -5.14% off its SMA200. RCI registered 5.81% gain for a year compared to 6-month gain of -1.01%. The firm has a 50-day simple moving average (SMA 50) of $39.7862 and a 200-day simple moving average (SMA200) of $41.24705.
The stock witnessed a -3.02% loss in the last 1 month and extending the period to 3 months gives it a 6.38%, and is -2.64% 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 1.44% over the week and 1.65% over the month.
Rogers Communications Inc. (RCI) has around 26000 employees, a market worth around $20.87B and $15.07B in sales. Current P/E ratio is 32.33 and Fwd P/E is 9.80. Profit margin for the company is 4.28%. Distance from 52-week low is 10.15% and -18.74% from its 52-week high. The company has generated returns on investments over the last 12 months (1.74%).
The EPS is expected to grow by 5.16% this year
501.0 institutions hold shares in Rogers Communications Inc. (RCI), with institutional investors hold 70.10% of the company’s shares. The shares outstanding are 418.87M, and float is at 375.99M with Short Float at 1.69%. Institutions hold 62.22% of the Float.
The top institutional shareholder in the company is FIL LTD with over 32.18 million shares valued at $1.19 billion. The investor’s holdings represent 6.0605 of the RCI Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 24.95 million shares valued at $922.77 million to account for 4.6993 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 23.77 million shares representing 4.4757 and valued at over $936.29 million, while BEUTEL, GOODMAN & CO LTD. holds 2.4645 of the shares totaling 13.09 million with a market value of $483.93 million.
