At the time of writing, Rogers Communications Inc. [RCI] stock is trading at $39.04, down -0.18%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RCI shares have gain 2.09% over the last week, with a monthly amount drifted -3.10%, 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 July 25, 2024, when Canaccord Genuity downgraded its rating to a Hold. Previously, Desjardins upgraded its rating to Buy on November 10, 2023. On September 15, 2023, upgrade upgraded it’s rating to Outperform. Desjardins downgraded its rating to a Hold. UBS upgraded its rating to Buy for this stock on February 06, 2023. In a note dated June 21, 2022, Canaccord Genuity upgraded an Buy rating on this stock.
For the past year, the stock price of Rogers Communications Inc. fluctuated between $35.55 and $48.19. Currently, Wall Street analysts expect the stock to reach $58 within the next 12 months. Rogers Communications Inc. [NYSE: RCI] shares were valued at $39.04 at the most recent close of the market. An investor can expect a potential return of 48.57% based on the average RCI price forecast.
Analyzing the RCI fundamentals
According to Rogers Communications Inc. [NYSE:RCI], the company’s sales were 15.07B for trailing twelve months, which represents an -0.93% plunge. Gross Profit Margin for this corporation currently stands at 0.29% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.16.
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 38.71 points at the first support level, and at 38.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.35, and for the 2nd resistance point, it is at 39.66.
Ratios To Look Out For
It is important to note that Rogers Communications Inc. [NYSE:RCI] has a current ratio of 0.65. In addition, the Quick Ratio stands at 0.60 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 2.68 and price to earnings (TTM) ratio is 32.24.
