Somewhat Positive Press Coverage Somewhat Unlikely to Affect Rogers Communications (RCI) Stock Price
News coverage about Rogers Communications (NYSE:RCI) (TSE:RCI.B) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rogers Communications earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the Wireless communications provider an impact score of 47.0378981683836 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Rogers Communications Inc. Expected to Earn Q4 2017 Earnings of $0.68 Per Share (RCI) (americanbankingnews.com)
- Analysts Offer Predictions for Rogers Communications Inc.’s FY2017 Earnings (RCI) (americanbankingnews.com)
- Dividend Investors: 2 Oversold Stocks That Could Be Great Buys Today (fool.ca)
- A statement from Edward Rogers, Chair, Rogers Communications Inc., on the passing of Jim Shaw (finance.yahoo.com)
Several analysts have recently weighed in on RCI shares. Zacks Investment Research cut Rogers Communications from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Barclays boosted their price target on Rogers Communications from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. TheStreet upgraded Rogers Communications from a “c+” rating to a “b” rating in a report on Thursday, October 19th. Morgan Stanley upped their target price on Rogers Communications from $67.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Finally, Bank of America assumed coverage on Rogers Communications in a report on Tuesday, November 21st. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Rogers Communications currently has a consensus rating of “Buy” and an average price target of $63.50.
Shares of Rogers Communications (RCI) traded down $0.67 during mid-day trading on Wednesday, reaching $49.80. The company had a trading volume of 285,490 shares, compared to its average volume of 334,086. Rogers Communications has a 1-year low of $38.15 and a 1-year high of $54.95. The company has a market capitalization of $25,710.00, a PE ratio of 25.28, a PEG ratio of 3.27 and a beta of 0.93. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.41 and a quick ratio of 0.38.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, October 19th. The Wireless communications provider reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.19). Rogers Communications had a net margin of 13.04% and a return on equity of 31.06%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. sell-side analysts predict that Rogers Communications will post 2.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Friday, December 8th. Rogers Communications’s payout ratio is presently 78.17%.
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Rogers Communications Company Profile
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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