Is Rogers Communications Inc. (RCI) Price Targeted To Increase?


As of Wednesday close, Rogers Communications Inc.’s (NYSE:RCI) stock was up $0.14, moving up 0.31 percent to $45.02. The average number of shares traded per day over the past five days has been 275,700 shares. 5 times new highs have been achieved over the past 5 days, with a $1.94 gain in that time frame. In the last twenty days, the average volume was 360,960, while in the previous 50 days, it was 408,274.

Since last month, RCI stock rose 14.26%. Shares of the company fell to $38.25 on 10/24/22, the lowest level in the past month. A 52-week high of $64.55 was reached on 04/20/22 after having rallying from a 52-week low of $36.23. Since the beginning of this year, RCI’s stock price has dropped by -5.48% or -$2.61, and marked a new high 37 times. However, the stock has declined by -30.26% since its 52-week high.

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Valuation Metrics

Right now, Rogers Communications Inc. (RCI) has a P/E ratio of about 19.27. The stock’s beta is 0.53. Besides these, the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 3.14, and the price-to-cash flow ratio of 88.01 may also be considered.

The latest dividend of $0.3670 per share was paid out, which is -5.51% less than last year’s $0.3884. On Tuesday November 8 2022, a $0.0214 dividend decrease was announced.

Financial Health

In the three months ended June 29, Rogers Communications Inc.’s quick ratio stood at 2.30, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.44, and the total debt-to-equity ratio was 3.86. On the profitability front, the trailing twelve-month gross margin is 41.20% percent. In the year ended June 29, operating margins totaled 21.70%. Based on annual data, RCI earned $4.7 billion in gross profit and brought in $11.69 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.20%. Return on equity (ROE) for the past 12 months was 15.00%.

In Rogers Communications Inc.’s quarter-end financial report for June 29, it reported total debt of $470.32 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RCI’s revenue fell -0.15% during the quarter, while net income inched up to $11.55 billion. While analysts expected Rogers Communications Inc. to report $0.63 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by 1.60%. During the quarter, the company generated $1.13 billion in EBITDA. The liabilities of Rogers Communications Inc. were 34.57 billion at the end of its most recent quarter ended June 29, and its total debt was $36.29 billion.

Technical Picture

This quick technical analysis looks at Rogers Communications Inc.’s (RCI) price momentum. With a historical volatility rate of 14.81%, the RSI 9-day stood at 76.91% on 23 November.

With respect to its five-day moving average, the current Rogers Communications Inc. price is up by +4.50% percent or $1.94. At present, RCI shares trade +7.83% above its 20-day simple moving average and -7.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately +9.56% above its SMA50 and -13.04% below its SMA200.

Stochastic coefficient K was 90.93% and Stochastic coefficient D was 91.13%, while ATR was 0.91. Given the Stochastic reading of 92.33% for the 14-day period, the RSI (14) reading has been calculated as 71.01%. As of today, the MACD Oscillator reading stands at 0.77, while the 14-day reading stands at 1.31.

Analyst Ratings

Canaccord Genuity upgraded its rating on Rogers Communications Inc. (NYSE: RCI) to a Buy in a note to investors on June 21, 2022. The analysts firm previously had a Hold rating on the stock.Rogers Communications Inc. (RCI) has been rated Overweight by analysts. According to 0 brokerage firms, RCI is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Rogers Communications Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $51.84, the current consensus forecast for the stock is $46.74 – $59.98. Based on these forecasts, analysts predict Rogers Communications Inc. (RCI) will achieve an average price target of $52.43.


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