Rogers Communications Inc. [RCI] stock is trading at $38.30, up 1.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RCI shares have lost -2.22% over the last week, with a monthly amount drifted -8.70%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rogers Communications Inc. [NYSE: RCI] stock has seen the most recent analyst activity on November 10, 2023, when Desjardins upgraded its rating to a Buy. Previously, RBC Capital Mkts upgraded its rating to Outperform on September 15, 2023. Desjardins downgraded its rating to a Hold. UBS upgraded its rating to a Buy. Canaccord Genuity upgraded its rating to Buy for this stock on June 21, 2022. In a note dated January 28, 2022, Desjardins upgraded an Buy rating on this stock.
Rogers Communications Inc. [RCI] stock has fluctuated between $36.55 and $50.00 over the past year. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Rogers Communications Inc. [NYSE: RCI] shares were valued at $38.30 at the most recent close of the market. An investor can expect a potential return of 20.1% based on the average RCI price forecast.
Analyzing the RCI fundamentals
Rogers Communications Inc. [NYSE:RCI] reported sales of 14.31B for the trailing twelve months, which represents a growth of 27.65%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.87 points at the first support level, and at 37.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.60, and for the 2nd resistance point, it is at 38.91.
Ratios To Look Out For
For context, Rogers Communications Inc.’s Current Ratio is 0.85. Also, the Quick Ratio is 0.80, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 2.56 and price to earnings (TTM) ratio is 31.55.
