Stock Rating Upgrade
In the last week the Value Trend Rating for Rogers Communications Inc (NYSE: RCI) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Rogers Communications Inc (NYSE: RCI) stock closed at $44.53 on 3/1/24 after a modest gain of 0.6%. NORMAL trading volume accompanied the advance. The stock has declined -2.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RCI is expected to continue to be a major Value Builder.
Rogers Communications has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Rogers Communications has a poor Appreciation Score of 28 but a slightly positive Power Rating of 64, triggering the Low Neutral Value Trend Rating.
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