Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $43.68 on Rogers Communication, Inc. (NYSE:RCI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.23 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Rogers Communication, Inc. (NYSE:RCI) stands at 21.79.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Rogers Communication, Inc. Comm, the PEG ratio for coming 3-5 years is 7.40.
The technical analysis highlights that Rogers Communication, Inc. Comm current is trading $2.69 points away or +6.37% from its 50-day moving average of $42.26. Further it is trading $5.95 or +15.24% away its 200-day moving average of $39.00.
The 52-week high of Rogers Communication, Inc. (NYSE:RCI) was $45.50 while lowest point recorded in 52-week was $32.50. It implies if stock price makes a movement of over $-0.55, it will record a new 52-week high. In the case of +38.31% drop, it will touch a new 52-week low.
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