Rogers Communications Inc (NYSE: RCI) is -24.78% lower on its value in year-to-date trading and has touched a low of $35.17 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 $35.29 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $35.21, the stock is -2.88% and -7.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing -0.23% at the moment leaves the stock -10.92% off its SMA200. RCI registered -17.64% loss for a year compared to 6-month gain of -9.74%. The firm has a 50-day simple moving average (SMA 50) of $38.1934 and a 200-day simple moving average (SMA200) of $39.5824.
The stock witnessed a -10.25% loss in the last 1 month and extending the period to 3 months gives it a -13.74%, and is -2.55% 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 1.52% over the week and 2.00% over the month.
Rogers Communications Inc (RCI) has around 26000 employees, a market worth around $26.82B and $15.03B in sales. Current P/E ratio is 17.01 and Fwd P/E is 9.26. Profit margin for the company is 7.35%. Distance from 52-week low is 0.11% and -26.94% from its 52-week high. The company has generated returns on investments over the last 12 months (2.92%).
Rogers Communications Inc quarterly earnings per share for the current quarter are estimated at 1.18 with sales reaching $5.42B over the same period.The EPS is expected to grow by 4.34% this year, but quarterly earnings will post 6.35% year-over-year. Quarterly sales are estimated to grow 1.53% in year-over-year returns.
497.0 institutions hold shares in Rogers Communications Inc (RCI), with institutional investors hold 68.76% of the company’s shares. The shares outstanding are 418.87M, and float is at 377.63M with Short Float at 1.10%. Institutions hold 61.06% 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.
