Somewhat Positive Media Coverage Somewhat Unlikely to Affect Rogers Communication (NYSE:RCI) Stock Price

News coverage about Rogers Communication (NYSE:RCI) (TSE:RCI.B) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rogers Communication earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the Wireless communications provider an impact score of 47.1237730228885 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

Rogers Communication (RCI) traded down 0.65% on Thursday, reaching $50.40. The company’s stock had a trading volume of 271,126 shares. The stock’s 50 day moving average is $49.62 and its 200-day moving average is $45.73. Rogers Communication has a 52 week low of $37.03 and a 52 week high of $53.07. The firm has a market capitalization of $25.95 billion, a PE ratio of 31.46 and a beta of 0.86.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, July 20th. The Wireless communications provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Rogers Communication had a return on equity of 28.90% and a net margin of 7.42%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that Rogers Communication will post $2.72 EPS for the current year.

RCI has been the topic of a number of research analyst reports. Zacks Investment Research raised Rogers Communication from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, July 12th. BidaskClub raised Rogers Communication from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 target price on shares of Rogers Communication in a report on Thursday, April 13th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Rogers Communication has an average rating of “Buy” and a consensus price target of $54.67.

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Rogers Communication Company Profile

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.

Insider Buying and Selling by Quarter for Rogers Communication (NYSE:RCI)

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