Rogers Communications (RCI) Expected to Announce Earnings on Thursday

Rogers Communications (NYSE:RCI) (TSE:RCI.B) is expected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $3.87 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Rogers Communications Stock Performance

Rogers Communications stock opened at $29.10 on Wednesday. Rogers Communications has a 1-year low of $27.63 and a 1-year high of $48.08. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $15.55 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.69. The firm’s 50 day simple moving average is $31.91 and its 200 day simple moving average is $36.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RCI shares. Morgan Stanley initiated coverage on Rogers Communications in a research report on Monday, December 16th. They issued an “underweight” rating on the stock. Barclays reiterated an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Finally, Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications currently has an average rating of “Hold” and an average price target of $61.75.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.