Headlines about Rogers Communications (NYSE:RCI) (TSE:RCI.B) have been trending positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rogers Communications earned a news impact score of 0.32 on Accern’s scale. Accern also gave news headlines about the Wireless communications provider an impact score of 46.8770721087219 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- TSX Inches Higher In Thin Trade — Canadian Commentary (markets.businessinsider.com)
- Rogers Communications Inc. Files Annual Financial Statements and Report to Shareholders – Canada NewsWire (press release) (newswire.ca)
- Rogers Communications Inc. (RCI) stock could lead to a growing move as RSI moves to 37.04 – Nasdaq Chronicle (nasdaqchronicle.com)
- Technical indicators to predict the future price movements of Rogers Communications Inc. (RCI) – Wall Street Morning (wallstreetmorning.com)
Several equities analysts recently commented on RCI shares. Zacks Investment Research upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. Bank of America assumed coverage on shares of Rogers Communications in a research note on Tuesday, November 21st. They issued a “buy” rating for the company. Morgan Stanley increased their price objective on shares of Rogers Communications from $67.00 to $71.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Desjardins upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, National Bank Financial cut shares of Rogers Communications from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.75.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Rogers Communications had a net margin of 11.54% and a return on equity of 26.60%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The business’s revenue was up 3.5% on a year-over-year basis. research analysts forecast that Rogers Communications will post 3.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th will be paid a $0.3843 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, March 9th. Rogers Communications’s dividend payout ratio is 59.77%.
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Rogers Communications Company Profile
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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