Rogers Communications Inc. (RCI) shares are trading at lower $41.92 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $54.02.
To add more color to this target, the company’s high over the last year is $51.29 and the low is $32.20. Over the last 52 weeks, RCI is down -16.73% while the S&P 500 is up 11.74%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, RCI reported a profit of $933.62 million. Rogers Communications Inc. also saw revenues increase to $2.28 billion. In addition, RCI has free cash flow of $891.77 million as of 06-2020. The company’s EBITDA came in at $898.87 million which compares well with its peers.
RCI booked profit margins of 11.90%, its Return on Equity (ROE) is 17.30%, and its Return on Assets is 4.50%. All told, it is clear that, RCI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RCI has a short ratio of 3.82 and outstanding shares of 505.00M.
RCI has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 2.53. Rogers Communications Inc. RCI also noted assets of $27.8 billion at the end of the last quarter. Investors should also keep an eye on sector updates as RCI has historically followed its peers on positive news.
All told, Rogers Communications Inc. RCI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RCI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Rogers Communications Inc. RCI is now commanding a market cap of 21.74B and a float of 351.99M. RCI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RCI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in RCI, either long or short, and we have not been compensated for this article.