Rogers Communications Inc. (RCI) on Focus After Forming Bearish Double Bottom

Rogers Communications Inc. (NYSE:RCI) Logo

Investors sentiment decreased to 1.2 in 2019 Q1. Its down 0.12, from 1.32 in 2018Q4. It worsened, as 15 investors sold Rogers Communications Inc. shares while 81 reduced holdings. 27 funds opened positions while 88 raised stakes. 214.62 million shares or 0.36% more from 213.85 million shares in 2018Q4 were reported.
Gamco Invsts Incorporated Et Al invested in 0.22% or 525,334 shares. Guardian Lp accumulated 2.67 million shares. Raymond James Na reported 9,528 shares or 0.03% of all its holdings. Agf Investments stated it has 408,837 shares or 0.25% of all its holdings. Bnp Paribas Asset Mngmt Sa has 0.1% invested in Rogers Communications Inc. (NYSE:RCI) for 227,076 shares. 280 were reported by Community Savings Bank Na. 14,000 are owned by Finemark Retail Bank Tru. Dekabank Deutsche Girozentrale invested in 0.07% or 239,348 shares. Winslow Evans Crocker Inc stated it has 68 shares. Columbia Asset Management holds 0.07% or 4,550 shares in its portfolio. Connor Clark Lunn Invest Management Ltd reported 2.36M shares. Lpl Financial Limited Com, a California-based fund reported 5,356 shares. Thompson Siegel & Walmsley Ltd Llc, Virginia-based fund reported 960 shares. Gemmer Asset Llc has invested 0% in Rogers Communications Inc. (NYSE:RCI). Trexquant Inv Limited Partnership holds 3,785 shares.

The chart of Rogers Communications Inc. (RCI) shows a double bottom with $46.31 target or 8.00 % below today’s $50.34 share price. The 6 months chart pattern indicates high risk for the $25.81B company. It was reported on Sep, 10 by Finviz.com. If the $46.31 price target is reached, the company will be worth $2.06B less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.10% or $0.55 during the last trading session, reaching $50.34. About 361,273 shares traded. Rogers Communications Inc. (NYSE:RCI) has risen 2.79% since September 10, 2018 and is uptrending. It has outperformed by 2.79% the S&P500.

Analysts await Rogers Communications Inc. (NYSE:RCI) to report earnings on October, 18. They expect $1.02 earnings per share, up 9.68 % or $0.09 from last year’s $0.93 per share. RCI’s profit will be $522.95 million for 12.34 P/E if the $1.02 EPS becomes a reality. After $0.87 actual earnings per share reported by Rogers Communications Inc. for the previous quarter, Wall Street now forecasts 17.24 % EPS growth.

More notable recent Rogers Communications Inc. (NYSE:RCI) news were published by: Seekingalpha.com which released: “Rogers Q1 2019 Earnings Preview – Seeking Alpha” on April 17, 2019, also Nasdaq.com with their article: “Rogers launches bilingual Ignite TV in New Brunswick – Nasdaq” published on August 21, 2019, Seekingalpha.com published: “Veritas boosts Rogers Communications to Buy – Seeking Alpha” on August 30, 2019. More interesting news about Rogers Communications Inc. (NYSE:RCI) were released by: Globenewswire.com and their article: “Rogers Disappointed by CRTC Decision on Final Broadband Wholesale Rates – GlobeNewswire” published on August 19, 2019 as well as Seekingalpha.com‘s news article titled: “Rogers Q2 2019 Earnings Preview – Seeking Alpha” with publication date: July 22, 2019.

Rogers Communications Inc. operates as a communications and media firm in Canada. The company has market cap of $25.81 billion. The company's Wireless segment offers wireless telecommunications services to clients and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. It has a 17.98 P/E ratio. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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