Rogers Communication (RCI) Given Media Impact Rating of 0.23
News stories about Rogers Communication (NYSE:RCI) (TSE:RCI.B) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rogers Communication earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the Wireless communications provider an impact score of 46.9179581952732 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Rogers Communication from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, July 12th. TheStreet upgraded shares of Rogers Communication from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Barclays PLC upped their target price on shares of Rogers Communication from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Finally, Morgan Stanley upped their target price on shares of Rogers Communication from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, August 25th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $61.00.
Shares of Rogers Communication (RCI) opened at $51.92 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.41 and a debt-to-equity ratio of 2.01. Rogers Communication has a fifty-two week low of $37.03 and a fifty-two week high of $54.24. The firm has a market cap of $26,728.93, a PE ratio of 20.52, a PEG ratio of 3.82 and a beta of 0.93.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.19). Rogers Communication had a return on equity of 30.40% and a net margin of 9.20%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. research analysts expect that Rogers Communication will post 2.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, December 8th. Rogers Communication’s payout ratio is 81.48%.
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About Rogers Communication
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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