Rogers Communications Inc (NYSE: RCI) is -11.64% lower on its value in year-to-date trading and has touched a low of $23.18 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 $33.66 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $33.11, the stock is 6.79% and 17.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -1.63% at the moment leaves the stock 8.98% off its SMA200. RCI registered 7.74% gain for a year compared to 6-month loss of 15.97%. The firm has a 50-day simple moving average (SMA 50) of $27.7256 and a 200-day simple moving average (SMA200) of $30.4848.
The stock witnessed a 18.59% gain in the last 1 month and extending the period to 3 months gives it a 32.76%, and is 0.73% 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 1.97% over the week and 2.45% over the month.
Rogers Communications Inc (RCI) has around 24000 employees, a market worth around $17.81B and $14.87B in sales. Current P/E ratio is 14.00 and Fwd P/E is 9.20. Profit margin for the company is 8.53%. Distance from 52-week low is 42.84% and -20.87% from its 52-week high. The company has generated returns on investments over the last 12 months (3.32%).
The EPS is expected to grow by 0.25% this year
471.0 institutions hold shares in Rogers Communications Inc (RCI), with institutional investors hold 71.07% of the company’s shares. The shares outstanding are 426.89M, and float is at 379.87M with Short Float at 1.85%. Institutions hold 63.18% 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 4.6816 of the shares outstanding. The other top investors are BANK OF MONTREAL /CAN/ which holds 23.77 million shares representing 4.4589 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.
