Taking this into account, Canaccord Genuity upgraded its Rogers Communications Inc [RCI] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in early April from “a Sector outperform” to “a Sector perform”. Barclays also remained covering RCI and has decreased its forecast on January 22, 2025 with a “an Equal weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on January 14, 2025. It rated RCI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RCI
On Friday, Rogers Communications Inc [NYSE:RCI] saw its stock fall -0.32% to $25.16. Over the last five days, the stock has lost -2.89%. Rogers Communications Inc shares have fallen nearly -18.13% since the year began. Nevertheless, the stocks have fallen -36.45% over the past one year. While a 52-week high of $41.84 was reached on 01/07/25, a 52-week low of $23.18 was recorded on 04/10/25. SMA at 50 days reached $26.88, while 200 days put it at $33.59.
Levels Of Support And Resistance For RCI Stock
The 24-hour chart illustrates a support level at 24.81, which if violated will result in even more drops to 24.47. On the upside, there is a resistance level at 25.36. A further resistance level may holdings at 25.56. The Relative Strength Index (RSI) on the 14-day chart is 43.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.56%. Stochastics %K at 57.92% indicates the stock is a holding.
How much short interest is there in Rogers Communications Inc?
A steep rise in short interest was recorded in Rogers Communications Inc stocks on 2025-04-15, dropping by -3.68 million shares to a total of 6.62 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 10.3 million shares. There was a decline of -55.51%, which implies that there is a negative sentiment for the stock.
