Media stories about Rogers Communication (NYSE:RCI) (TSE:RCI.B) have been trending positive recently, Alpha One reports. The research group, a unit of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rogers Communication earned a media sentiment score of 0.44 on Alpha One’s scale. Alpha One also assigned news headlines about the Wireless communications provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Rogers Communication (NYSE:RCI) traded up 0.32% during midday trading on Friday, hitting $47.04. 436,584 shares of the stock traded hands. The company has a 50-day moving average of $46.29 and a 200-day moving average of $42.93. The stock has a market cap of $24.22 billion, a PE ratio of 36.32 and a beta of 0.87. Rogers Communication has a 12 month low of $37.03 and a 12 month high of $47.72.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Tuesday, April 18th. The Wireless communications provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. Rogers Communication had a return on equity of 26.98% and a net margin of 6.56%. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Rogers Communication will post $2.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 4th. Investors of record on Monday, June 12th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, June 8th. Rogers Communication’s dividend payout ratio is currently 108.40%.
Several research firms have recently commented on RCI. BidaskClub raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Rogers Communication from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Canaccord Genuity set a $66.00 price target on shares of Rogers Communication and gave the company a “buy” rating in a research report on Wednesday, April 19th. Finally, CIBC lowered shares of Rogers Communication from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.43.
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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