Rogers Communications set to release earnings data, impacting stock price.
🔴 -9.5% short-term forecast
🟢 +1.7% long-term forecast
Stock AI’s (RCI) Forecast get (+17.4% Profit)
StockAI’s analysis delivers real-world results. On 08 November 2023, $RCI ($39.6), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $46.48 (🟢17.4%). Buying RCI on this signal yielded a +17.4% profit 💰💰.
RCI-Rogers Communications Inc. News
🟢 Rogers Communications declares 50 cents per share quarterly dividend on July 5, 2024, following June 10, 2024, record date. 🟢 Everett Harris & Co. CA cuts its position in RCI by 14.2% in the fourth quarter. 🟢 DekaBank Deutsche Girozentrale lowers its position in RCI by 2.7% during the 4th quarter. 🔴 Cormark reduces FY2024 earnings per share estimates for RCI. 🔴 National Bank Financial drops FY2024 earnings per share estimates for RCI. 🔴 Short interest in RCI drops by 26.8% in March.
The recent news surrounding Rogers Communications Inc. has been a mix of positive and negative developments. On one hand, the company declared a 50 cents per share quarterly dividend, which is generally seen as a positive sign for investors. Additionally, some institutional investors increased their stake in RCI, showing confidence in the company’s future prospects.
However, on the flip side, analysts have reduced their earnings per share estimates for both FY2024 and FY2025, indicating potential challenges ahead for Rogers Communications. This could be a reason for the negative impact on the stock price forecast in the short term.
Overall, the mixed news for Rogers Communications Inc. has created uncertainty among investors, leading to a slightly negative short-term forecast of -9.5%. However, the long-term forecast remains slightly positive at +1.7%, suggesting that there may be potential for the stock to recover and grow in the future. Investors should closely monitor any further developments and earnings reports to make informed decisions about their investments in RCI.
RCI-Rogers Communications Inc. Analyst Ratings
Analyst Ratings on Rogers Communications Inc. Stock:
📉 National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Rogers Communications.
📉 Cormark decreased their FY2025 EPS estimates for Rogers Communications.
📈 Raymond James & Associates increased its stake in Rogers Communications Inc.
📈 Beverly Hills Private Wealth LLC purchased a new stake in Rogers Communications Inc.
Sources:
1. National Bank Financial – FY2024 EPS Estimates Decreased
2. Cormark – FY2025 EPS Estimates Decreased
3. Raymond James & Associates – Stake Increase
4. Beverly Hills Private Wealth LLC – New Stake Purchase
5. National Bank Financial – FY2024 Earnings Forecast
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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