Rogers Communications (RCI) Given Media Impact Score of 0.14
Press coverage about Rogers Communications (NYSE:RCI) (TSE:RCI.B) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rogers Communications earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the Wireless communications provider an impact score of 46.897838768144 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Telecom Stock Roundup: AT&T, Qualcomm Post Robust Results, Mixed Q4 for Rogers Communications (finance.yahoo.com)
- Zacks Investment Research Upgrades Rogers Communications (RCI) to “Hold” (americanbankingnews.com)
- National Bank Financial Comments on Rogers Communications Inc.’s FY2019 Earnings (RCI) (americanbankingnews.com)
- FY2018 Earnings Forecast for Rogers Communications Inc. Issued By Cormark (RCI) (americanbankingnews.com)
A number of research analysts have weighed in on the stock. Barclays reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Rogers Communications in a research note on Friday, January 26th. National Bank Financial lowered shares of Rogers Communications from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 26th. TheStreet raised shares of Rogers Communications from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. Finally, Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $62.75.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Rogers Communications had a net margin of 12.09% and a return on equity of 30.65%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the firm earned $0.74 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. analysts predict that Rogers Communications will post 3.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Monday, March 12th will be given a dividend of $0.3843 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, March 9th. Rogers Communications’s payout ratio is currently 59.77%.
About Rogers Communications
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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