Rogers Communications Inc (NYSE: RCI) is -17.70% lower on its value in year-to-date trading and has touched a low of $24.76 and a high of $41.84 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 $25.25 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $25.29, the stock is -8.29% and -9.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.16% at the moment leaves the stock -26.82% off its SMA200. RCI registered -37.94% loss for a year compared to 6-month loss of -37.11%. The firm has a 50-day simple moving average (SMA 50) of $27.8184 and a 200-day simple moving average (SMA200) of $34.5592.
The stock witnessed a -8.07% gain in the last 1 month and extending the period to 3 months gives it a -16.97%, and is -8.67% 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 3.77% over the week and 2.46% over the month.
Rogers Communications Inc (RCI) has around 24000 employees, a market worth around $13.61B and $15.04B in sales. Current P/E ratio is 10.72 and Fwd P/E is 7.16. Profit margin for the company is 8.40%. Distance from 52-week low is 2.14% and -39.56% from its 52-week high. The company has generated returns on investments over the last 12 months (3.57%).
The EPS is expected to shrink by -2.77% this year
486.0 institutions hold shares in Rogers Communications Inc (RCI), with institutional investors hold 69.91% of the company’s shares. The shares outstanding are 424.95M, and float is at 380.81M with Short Float at 2.70%. Institutions hold 62.10% 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 6.0378 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 2.4553 of the shares totaling 13.09 million with a market value of $483.93 million.
