RCI Stock Summary and Trading Ideas (Rogers Communications | NYSE:RCI)

Rogers Communications is the largest wireless service provider in Canada, with its more than 11 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about 35% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.

Rogers Communications trades on the NYSE stock market under the symbol RCI.

As of April 19, 2024, RCI stock price climbed to $38.47 with 397,714 million shares trading.

RCI has a beta of 1.10, meaning it tends to be more sensitive to market movements. RCI has a correlation of 0.30 to the broad based SPY ETF.

RCI has a market cap of $20.44 billion. This is considered a Large Cap stock.

In the last 3 years, RCI stock traded as high as $64.55 and as low as $36.23.

The top ETF exchange traded funds that RCI belongs to (by Net Assets): FVD, TDIV, KOMP, DFIC, FTHI.

RCI has underperformed the market in the last year with a return of -17.9%, while the SPY ETF gained +21.0%. In the last 3 month period, RCI fell short of the market, returning -17.1%, while SPY returned +4.1%. However, in the most recent 2 weeks RCI has outperformed the stock market by returning -2.2%, while SPY returned -3.6%.

RCI support price is $37.76 and resistance is $38.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RCI stock will trade within this expected range on the day.