Rogers Communications (RCI) Receives Daily News Impact Rating of -2.50

News coverage about Rogers Communications (NYSE:RCI) (TSE:RCI.B) has trended negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Rogers Communications earned a coverage optimism score of -2.50 on their scale. InfoTrie also gave media headlines about the Wireless communications provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.

A number of research analysts recently issued reports on RCI shares. Zacks Investment Research raised Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, September 19th. Desjardins cut Rogers Communications from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Edward Jones cut Rogers Communications from a “buy” rating to a “hold” rating and set a $52.67 price target for the company. in a report on Thursday, November 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Rogers Communications currently has a consensus rating of “Hold” and a consensus price target of $54.89.

Rogers Communications stock opened at $54.03 on Thursday. The stock has a market capitalization of $27.82 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 3.34 and a beta of 0.74. Rogers Communications has a 12-month low of $43.11 and a 12-month high of $54.83. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.72 and a quick ratio of 0.65.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Friday, October 19th. The Wireless communications provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Rogers Communications had a return on equity of 29.37% and a net margin of 13.34%. As a group, sell-side analysts predict that Rogers Communications will post 3.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 11th will be issued a dividend of $0.3695 per share. This is a boost from Rogers Communications’s previous quarterly dividend of $0.37. This represents a $1.48 annualized dividend and a yield of 2.74%. The ex-dividend date is Monday, December 10th. Rogers Communications’s payout ratio is currently 54.24%.

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Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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