(RCI) Rogers Communications – PEG Ratio is 1.1 – Industry Averages 4.5
Rogers Communications Inc. (RCI) shares are still rising after it was originally featured as a Zacks Rank Buy.
Company Description
Rogers is a Canadian communications and media company that provides wireless and data services. The company is one of the major Canadian cable television providers, in addition to radio broadcasting.
Estimates Still Climbing
Since the original article, the full-year Zacks Consensus Estimate has picked up another 4 cents, to $2.23. This makes the projected growth rate 16%.
Great Value
Shares are still trading at a great value, despite solid gains. The forward P/E is just 14 times and the PEG ratio is 1.1 times, much better than the 4.5 that the industry averages.
The Chart
Despite the volatility last month, shares of RCI have posted excellent returns and are pressuring the 52-week high. Take a look at the chart below.
Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader service
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