Rogers Communications Inc (RCI) Stock Could Soon Reward Patient Investors

Rogers Communications Inc (NYSE: RCI) is -23.44% 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 $36.32 in the last trading session, with the day’s loss setting it -0.48%.

Currently trading at $35.84, the stock is -4.30% and -7.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.67 million and changing -1.32% at the moment leaves the stock -10.35% off its SMA200. RCI registered -13.33% loss for a year compared to 6-month loss of -9.52%. The firm has a 50-day simple moving average (SMA 50) of $38.9682 and a 200-day simple moving average (SMA200) of $40.03565.

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The stock witnessed a -5.96% gain in the last 1 month and extending the period to 3 months gives it a -9.63%, and is -2.24% 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 2.07% over the week and 1.88% over the month.

Rogers Communications Inc (RCI) has around 26000 employees, a market worth around $26.65B and $15.03B in sales. Current P/E ratio is 17.31 and Fwd P/E is 9.39. Profit margin for the company is 7.35%. Distance from 52-week low is 0.82% and -25.63% from its 52-week high. The company has generated returns on investments over the last 12 months (2.92%).

with sales reaching $3.88B over the same period.The EPS is expected to grow by 4.73% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.

Rogers Communications Inc (RCI) Top Institutional Holders

503.0 institutions hold shares in Rogers Communications Inc (RCI), with institutional investors hold 70.33% 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 62.42% 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.