Rogers Communication (RCI) Soars 5.1%: Is Further Upside Left in the Stock?

Rogers Communication RCI shares rallied 5.1% in the last trading session to close at $31.86. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 13.3% gain over the past four weeks.Rogers Communication is benefiting from disciplined execution through cost efficiencies, industry-leading 5G and internet reliability, and growing value in its sports assets, all of which are helping it deliver steady growth and reduce debt in a slower, highly competitive environment.This communications and media company is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -10.6%. Revenues are expected to be $3.7 billion, down 0.5% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Rogers Communication, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on RCI going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Rogers Communication is part of the Zacks Diversified Communication Services industry. Shenandoah Telecommunications SHEN, another stock in the same industry, closed the last trading session 2.1% higher at $14.3. SHEN has returned 8.4% in the past month.Shenandoah Telecom's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.2. Compared to the company's year-ago EPS, this represents a change of -150%. Shenandoah Telecom currently boasts a Zacks Rank of #3 (Hold).5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rogers Communication, Inc. (RCI): Free Stock Analysis Report Shenandoah Telecommunications Co (SHEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks