Rogers Communication with ticker code (RCI) now have 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 63.64 and 45.64 and has a mean target at $53.27. Given that the stocks previous close was at $45.58 this is indicating there is a potential upside of 16.9%. Also worth taking note is the 50 day moving average now sits at $47.51 while the 200 day moving average is $44.90. The company has a market cap of $23,163m. You can visit the company’s website by visiting: https://www.rogers.com
The potential market cap would be $27,070m based on the market consensus.
Rogers Communications Inc. operates as a communications and media company in North America. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and smart home monitoring services, such as monitoring, security, automation, energy efficiency, and smart control through a smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; 4K television programming; and seasonal games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Further, it provides residential and small business local telephony services; calling features, such as voicemail, call waiting, and long distance; voice, data networking, Internet protocol, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology (IT) and network technologies; cable access network services; and telecommunications technical consulting services. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 54 AM and FM radio stations. Rogers Communications Inc. was founded in 1960 and is headquartered in Toronto, Canada.
The company has a dividend yield of 3.17% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 18.8, revenue per share of 30.49 and a 4.89% return on assets.
