The stock of Rogers Communications Inc. (RCI) has seen a -1.46% decrease in the past week, with a -0.45% drop in the past month, and a 5.69% flourish in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are at 1.47% for RCI. The simple moving average for the past 20 days is -1.99% for RCI’s stock, with a -4.22% simple moving average for the past 200 days.
Is It Worth Investing in Rogers Communications Inc. (NYSE: RCI) Right Now?
Rogers Communications Inc. (NYSE: RCI) has a price-to-earnings ratio of 32.85x that is above its average ratio. Additionally, the 36-month beta value for RCI is 0.69. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RCI is 375.99M and currently, short sellers hold a 1.63% ratio of that float. The average trading volume of RCI on September 18, 2024 was 746.90K shares.
RCI) stock’s latest price update
Rogers Communications Inc. (NYSE: RCI) has experienced a decline in its stock price by -2.50 compared to its previous closing price of 40.80. However, the company has seen a fall of -1.46% in its stock price over the last five trading days. globenewswire.com reported 2024-09-18 that Signs agreement to buy out Bell’s 37.5% ownership stake in MLSE Will invest to bring championships to Canada Sportsnet will continue to broadcast 50% of Maple Leafs regional games and 50% of Raptors games controlled by MLSE TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) today announced it has signed an agreement to buy Bell’s 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion.
RCI Trading at 1.47% from the 50-Day Moving Average
After a stumble in the market that brought RCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.45% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +0.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.13% upper at present.
During the last 5 trading sessions, RCI fell by -1.36%, which changed the moving average for the period of 200-days by -7.61% in comparison to the 20-day moving average, which settled at $40.59. In addition, Rogers Communications Inc. saw -15.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RCI
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.29 for the gross margin
The net margin for Rogers Communications Inc. stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 7.82, with 1.25 for asset returns.
Based on Rogers Communications Inc. (RCI), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 4.16. The interest coverage ratio of the stock is 1.89.
Currently, EBITDA for the company is 8.65 billion with net debt to EBITDA at 5.17. When we switch over and look at the enterprise to sales, we see a ratio of 3.67. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
In conclusion, Rogers Communications Inc. (RCI) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
