Rogers Communications is set to release its earnings data, potentially impacting its stock price.
🔴 Short-term Forecast: (-9.5%)
🟢 Long-term Forecast: (+1.7%)
Stock AI’s (RCI) Forecast get (+12.0% Profit)
StockAI’s analysis delivers real-world results. On 29 November 2023, $RCI ($42.22), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $47.28 (🟢12.0%). Buying RCI on this signal yielded a +12.0% profit 💰💰.
RCI-Rogers Communications Inc. News
Recent News for Rogers Communications Inc. Stock:
🔴 Rogers Communications to release earnings data before market opens on April 24th.
🟢 Rogers Communications declares 50 cents per share quarterly dividend.
🔴 M&T Bank Corp decreases position in Rogers Communications by 3.9% in 4th quarter.
🔴 Cormark reduces FY2024 EPS estimates for Rogers Communications.
🟢 Swiss National Bank cuts position in Rogers Communications by 2.9% in 4th quarter.
🔴 Desjardins lowers FY2024 EPS estimates for Rogers Communications.
The recent news for Rogers Communications Inc. stock has been a mix of positive and negative developments. The company is set to release its earnings data, which could have a significant impact on the stock price. Additionally, the declaration of a quarterly dividend could attract investors looking for a stable income stream. However, the decrease in positions by M&T Bank Corp and Cormark’s reduced EPS estimates may signal concerns about the company’s financial performance. The cuts in positions by Swiss National Bank and Desjardins’ lowered EPS estimates further add to the negative sentiment surrounding the stock.
Overall, these developments could lead to increased volatility in Rogers Communications Inc. stock in the short term. Investors should closely monitor the earnings release and dividend declaration to gauge the stock’s performance. The negative news may lead to a short-term forecast of -9.5% as investors react to the concerns raised by analysts and institutions. However, the long-term forecast of +1.7% suggests that the company may be able to overcome these challenges and see growth in the future. Investors should carefully consider these factors before making any investment decisions.
RCI-Rogers Communications Inc. Analyst Ratings
Analyst Ratings on Rogers Communications Inc. Stock:
📈 National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Rogers Communications.
📉 Cormark reduced their FY2024 earnings per share (EPS) estimates for Rogers Communications.
📉 Desjardins lowered their FY2024 earnings per share (EPS) estimates for Rogers Communications.
Sources:
1. National Bank Financial
2. Cormark
3. Desjardins
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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