|Bid||68.75 x 0|
|Ask||68.78 x 0|
|Day's Range||67.03 - 69.09|
|52 Week Range||59.77 - 73.82|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||17.51|
|Forward Dividend & Yield||2.00 (2.78%)|
|1y Target Est||76.47|
TORONTO — Canada's communications companies need to continuously update their networks and that means they need a regulatory environment that creates incentives for investment, Rogers chief executive Joe Natale said Thursday."Our networks are a living, breathing organism. And they need constant growth and investment," Natale told shareholders of Rogers Communications Inc., owner of one of Canada's biggest wireless networks.He added that the industry needs "the right policies" to ensure the right investments are made for the long term — after noting that Rogers has spent $30 billion on wireless networks over 35 years."Regulation will never be a substitution for innovation . . . At its worst, it is a barrier that stops innovation, and investment, in its tracks."The comments seemed like a message to the federal government, particularly Innovation minister Navdeep Bains, who recently announced a new policy direction for telecommunications in February.The proposed policy, which is going through an approval process, signalled a lower priority for investments in telecom networks and a higher priority for lowering prices through a wider range of competition.That was followed by a CRTC announcement in March that it was beginning a review of Canada's mobile wireless market with the "preliminary view'' that there should be more opportunity for mobile virtual network operators (MVNOs).Natale said Thursday in an interview Rogers agrees with "the philosophical direction" of increasing telecom affordability for Canadians if it's "underpinned by investment and investment returns for the people who are making the investment.""Create an environment with a light regulatory touch, create an environment where there are incentives for people to enter the market . . . and I think you can have the best of both worlds."He said MVNOs — which buy capacity on mobile networks from other companies that have built their infrastructure — may have led to lower consumer prices in some countries but reduced investments and network quality.Earlier Thursday, Natale told analysts that Canada's wireless industry experienced an unusually slow first quarter, with subdued promotional activity in January and February, but suggested the pace will pick up as the year progresses."Overall, we have confidence in our long-term growth plans, and remain on track to deliver on our healthy outlook for 2019.""We continue to see robust growth opportunities. It may not be as high as Q4 (2018) . . . but still very healthy growth overall."Several of the company's financial metrics fell short of analyst estimates in the first quarter.On an adjusted basis, Rogers said it earned $405 million or 78 cents per share for the quarter ended March 31, down from an adjusted profit of $477 million or 90 cents per share a year ago.Revenue totalled nearly $3.59 billion, down from $3.63 billion in the same quarter last year. The wireless division accounted for $2.189 billion in revenue during the first quarter.Analysts on average had expected a profit of 94 cents per share and revenue of $3.72 billion, according to Thomson Reuters Eikon.Rogers reported 23,000 net additions to its post-paid wireless services — down from the year-earlier net addition of 95,000 postpaid subscribers. The consensus estimate had been for the net addition of 84,000 postpaid subscribers.Last week, rival Shaw Communications Inc. said its mobile arm — which only has networks in Ontario, Alberta and British Columbia — had a net gain of 64,700 postpaid subscribers.Analyst Aravinda Galappatthige of CanaccordGenuity said in a research note to clients that 2019 growth may be "a lot more moderated" than in 2017 and 2018 and more competition from Shaw's Freedom Mobile, especially in the West.He said CanaccordGenuity has lowered its estimates to the lower end of the Rogers 2019 guidance range and lowered its price target for Rogers stock to $70 per share from $75 per share.Rogers stock closed Thursday at $68.90 on the Toronto Stock Exchange, after falling $2.04 or 2.9 per cent. Companies in this story: (TSX:RCI.B)David Paddon, The Canadian Press
TORONTO, April 18, 2019 -- Rogers Communications Inc., a leading diversified Canadian communications and media company, in accordance with Toronto Stock Exchange requirements,.
Rogers Communications Inc on Thursday reported a quarterly profit that missed estimates on lower revenue from its media business. Total media revenue fell 12 percent to C$468 million. The year-ago quarter ...
July 2, 2019 Payment Date Following June 10, 2019 Record Date Quarterly Dividend of 50 Cents per Share Declared by Board TORONTO, April 18, 2019 -- Rogers Communications Inc..
Rogers Communications Inc. (“Rogers”) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Rogers of its intention to commence a normal course issuer bid (“NCIB”) for its Class B Non-Voting shares (“Class B shares”) (TSX: “RCI.B”). Under the NCIB, Rogers may, during the twelve month period commencing April 24, 2019 and ending April 23, 2020, purchase on the TSX, the New York Stock Exchange, other designated exchanges and/or alternative trading systems the lesser of 35,758,662 Class B shares, representing approximately 10% of the public float of the Class B shares, and that number of Class B shares that can be purchased under the NCIB for an aggregate purchase price of $500 million.
Increased total service revenue and adjusted EBITDA by 3% and 7%, respectively, excluding the impact of certain baseball-related transactionsDelivered strong financial and.
Investors contemplating an investment in Canada's saturated telecom market need to seriously consider Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI).
The most recent earnings release Rogers Communications Inc.'s (TSE:RCI.B) announced in December 2018 confirmed that the company experienced a strong tailwi...
Rogers Communications announced today it invested $1.7 billion in Canada’s first-ever 5G auction to enable 5G deployment in urban, suburban and rural communities. “We are proud to make leading and meaningful investments to build the 5G ecosystem in Canada and to help drive our country’s global competitive advantage,” said Joe Natale, President and Chief Executive Officer, Rogers Communications.
Both Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) and Corus Entertainment Inc. (TSX:CJR.B) have been threatened by streaming services, but one could still come out on top.
Rogers Communications Inc. plans to release its first quarter 2019 financial results on Thursday, April 18, 2019 before North American financial markets open. A webcast of the teleconference will be available at this same website location following the teleconference. Members of the financial community wishing to ask questions during the call should dial 416-915-3239 (1-800-319-4610 toll free for North America) at least ten minutes prior to the scheduled start time and request access to Rogers’ first quarter 2019 results teleconference. Media are welcome to participate on a listen-only basis.
Rogers Communications Inc.'s (TSX:RCI.B)(NYSE:RCI) dominant position makes it a top dividend stock to own in any retirement portfolio.
As Apple Inc. (NASDAQ:AAPL) unveils its big push to capture the content streaming crown, can one Canadian stock compete with the NASDAQ?
Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) is one of three top dividend stocks to buy when the risks to global growth are rising.
The publisher of Toronto Life, Weddingbells and Fashion Magazine will acquire the last of Rogers Media's consumer-oriented print and digital publications in a deal that seems at odds with the prevailing pessimism about traditional media. Tony Gagliano, the executive chairman and CEO of St. Joseph Communications, said he sees untapped opportunities with consumers and advertisers by adding the Rogers titles. "What we have done — I think what we're good at — is finding new revenue opportunities, where sometimes traditional advertising has fallen by the wayside," Gagliano said Wednesday in an interview.
Rogers Communications Inc. (RCI-B.TO) has entered into an agreement to sell its print media brands to Toronto-based St. Joseph Communications.
Today, Rogers announced improved wireless service in Guelph in the neighbourhood of Clairfields, the Hanlon and Speedvale intersection, as well as Stone Road West and Edinburgh Road. “Our customers want high quality wireless access wherever they are, whether it’s working on the go, running errands on Stone Road West or grabbing a bite to eat on Gordon Street,” said Arnold Abramowitz, Vice-President, Wireless Access Networks, Rogers Communications.
OTTAWA, March 20, 2019 -- Today, Rogers announced improved wireless service in four areas across Ottawa including Bowesville Rd, Bearbrook Rd in Gloucester, and Hwy 417 and.
Today Rogers applauded the federal government’s plan to connect Canadians to high-speed internet and announced its own plans to connect over 1,000 kilometres of unserved highway corridors through a wireless network investment of $100 million over five years. “As a proud Canadian company, we are committed to bringing connectivity to rural and remote areas that do not currently enjoy wireless service. Canada has some of the best networks in the world and this investment will improve public safety, and increase economic opportunities for residents and businesses,” said Joe Natale, President and Chief Executive Officer, Rogers Communications.
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Like dividends? Then you'll love Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI), National Bank of Canada (TSX:NA), and Alaris Royalty Corp (TSX:AD).