Rogers Communications (RCI) Stock

Roger Communications is facing challenges because of strong competition, falling cable revenue, and changing consumer habits, all of which are affecting its position in the market.

Comcast, Charter Communications, and Rogers Communication are included in the Zacks Industry Outlook report.

HOUSTON, Dec. 16, 2024 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) has shared its results for the fourth quarter and the entire fiscal year 2024, which ended on September 30, 2024. The company also submitted its Form 10-K and revealed information about its "Back to Basics" Five-Year Capital Allocation Plan.

RICK's revenue for the fourth quarter of fiscal 2024 probably suffered due to the poor performance of Bombshells restaurants.

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RCI's growing range of services and technological improvements are promising for investors. Nevertheless, strong competition and a drop in home phone users are worrying issues.

Rogers Communication (RCI) is now considered an oversold stock, meaning that the intense selling pressure has likely ended. Additionally, many Wall Street analysts are raising their earnings estimates, suggesting that the stock may soon change direction.

Rogers Communications, Inc. (NYSE:RCI) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:00 AM ET. The call will feature company representatives including Paul Carpino, Tony Staffieri, and Glenn Brandt, along with participants from various financial institutions. The operator will facilitate the conference call.