Rogers Communications Inc (NYSE: RCI) is -35.08% lower on its value in year-to-date trading and has touched a low of $30.73 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 $30.76 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $30.39, the stock is -11.56% and -15.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing -1.20% at the moment leaves the stock -21.08% off its SMA200. RCI registered -33.65% loss for a year compared to 6-month loss of -19.37%. The firm has a 50-day simple moving average (SMA 50) of $36.0232 and a 200-day simple moving average (SMA200) of $38.50845.
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The stock witnessed a -15.09% gain in the last 1 month and extending the period to 3 months gives it a -24.70%, and is -9.85% 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 2.43% over the week and 1.91% over the month.
Rogers Communications Inc (RCI) has around 26000 employees, a market worth around $16.24B and $15.03B in sales. Current P/E ratio is 14.68 and Fwd P/E is 8.22. Profit margin for the company is 7.35%. Distance from 52-week low is -1.11% and -36.94% 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 3.25% this year
501.0 institutions hold shares in Rogers Communications Inc (RCI), with institutional investors hold 69.22% of the company’s shares. The shares outstanding are 423.32M, and float is at 377.63M with Short Float at 1.10%. Institutions hold 61.46% 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.
