Rogers Communications Inc (NYSE: RCI) is -21.47% 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 $36.58 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $36.76, the stock is -2.36% and -5.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 0.49% at the moment leaves the stock -8.31% off its SMA200. RCI registered -8.99% loss for a year compared to 6-month loss of -6.53%. The firm has a 50-day simple moving average (SMA 50) of $39.1366 and a 200-day simple moving average (SMA200) of $40.14315.
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The stock witnessed a -3.87% gain in the last 1 month and extending the period to 3 months gives it a -7.55%, and is 1.21% 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 2.29% over the week and 1.85% over the month.
Rogers Communications Inc (RCI) has around 26000 employees, a market worth around $27.60B and $15.03B in sales. Current P/E ratio is 17.76 and Fwd P/E is 9.47. Profit margin for the company is 7.35%. Distance from 52-week low is 3.40% and -23.72% from its 52-week high. The company has generated returns on investments over the last 12 months (2.92%).
The EPS is expected to grow by 4.76% this year
501.0 institutions hold shares in Rogers Communications Inc (RCI), with institutional investors hold 69.94% of the company’s shares. The shares outstanding are 418.87M, and float is at 377.46M with Short Float at 1.10%. Institutions hold 62.07% 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.
