Why this value stock could be a great addition to your portfolio

It doesn’t matter how old you are or how much experience you have: making the most of the stock market’s opportunities and investing confidently are the common goals of all investors.

Even if you have an investing style you rely on, finding great stocks is made easier with Zacks Style Scores, complementary indicators that evaluate stocks based on value, growth and/or momentum characteristics.

Why investors should pay attention to this value stock

Unlike growth or momentum investors, value investors are concerned with finding good stocks at good prices and figuring out which companies are trading below their true value before the broader market notices. The Value Style Score uses metrics such as P/E, PEG, price-to-sales and price-to-cash flow to select the most attractive and cheapest stocks.

Rogers Communications (RCI)

Rogers Communications Inc., based in Toronto, Canada, provides cable television, high-speed Internet access and video retail through its wholly owned subsidiary, Rogers Cable and Telecom. The company also provides wireless voice, data and messaging services through its wholly owned subsidiary, Rogers Wireless. In addition, Rogers owns and operates radio and television stations, televised shopping networks, consumer magazines and trade and professional publications through its wholly owned subsidiary, Rogers Media.

RCI has a Value Style Score of A and a VGM Score of A and carries a Zacks Rank #3 (Hold) rating. Rogers Communication shares trade at an earnings multiple of 14.6X, as well as a PEG ratio of 1.8, a price-to-cash-flow ratio of 7X and a price-to-sales ratio of 2.1X.

Value investors don’t just look at a company’s valuation metrics; positive earnings also play a crucial role. Four analysts have upgraded their earnings estimates for fiscal year 2023 in the past 60 days. The Zacks Consensus Estimate has increased by $0.12 to $3.33 per share. RCI has an average earnings surprise of 5%.

Given its solid Zacks Rank, notable earnings and valuation metrics, and impressive Value and VGM Style Scores, investors should take the time to consider RCI for their portfolio.

Want the latest recommendations from Zacks Investment Research? Download the 7 best stocks for the next 30 days today. Click here to get this free report

Rogers Communication, Inc. (RCI): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research