Rogers Communication (RCI) Given Daily Coverage Optimism Score of 0.01
Media headlines about Rogers Communication (NYSE:RCI) (TSE:RCI.B) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rogers Communication earned a news impact score of 0.01 on Accern’s scale. Accern also gave news headlines about the Wireless communications provider an impact score of 45.4596902597591 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Tower Semiconductor Ltd. (TSEM) registers a price change of 3.61% while Rogers Communications Inc. (RCI) finishes … – Stocks Gallery (stocksgallery.com)
- Rogers Communication, Inc. (RCI) Ex-Dividend Date Scheduled for September 14, 2017 – Nasdaq (nasdaq.com)
- Stars Align for Zodiac & ActiveVideo (lightreading.com)
- Rogers Communications’ (RCI) CEO Joe Natale Presents at BMO Capital Markets 18th Annual Media & Telecom … – Seeking Alpha (seekingalpha.com)
- Rogers Improves Wireless Service in Abbotsford (finance.yahoo.com)
Rogers Communication (RCI) traded up 0.35% on Friday, reaching $51.76. The company had a trading volume of 323,055 shares. The stock’s 50-day moving average price is $51.69 and its 200 day moving average price is $47.36. Rogers Communication has a 52-week low of $37.03 and a 52-week high of $53.55. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 32.66 and a beta of 0.86.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, July 20th. The Wireless communications provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.59 billion. Rogers Communication had a return on equity of 28.90% and a net margin of 7.42%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. On average, equities analysts anticipate that Rogers Communication will post $2.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.71%. Rogers Communication’s dividend payout ratio is presently 95.95%.
A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Rogers Communication from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, August 25th. BidaskClub upgraded Rogers Communication from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Finally, Zacks Investment Research upgraded Rogers Communication from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $56.43.
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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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