RCI-B.TO - Rogers Communications Inc.

Toronto - Toronto Delayed Price. Currency in CAD
68.90
-2.04 (-2.88%)
At close: 4:15PM EDT
Stock chart is not supported by your current browser
Previous Close70.94
Open67.90
Bid68.75 x 0
Ask68.78 x 0
Day's Range67.03 - 69.09
52 Week Range59.77 - 73.82
Volume2,704,960
Avg. Volume1,000,173
Market Cap35.301B
Beta (3Y Monthly)0.27
PE Ratio (TTM)17.51
EPS (TTM)3.93
Earnings DateN/A
Forward Dividend & Yield2.00 (2.78%)
Ex-Dividend Date2019-06-07
1y Target Est76.47
  • Rogers CEO warns a bad regulatory policy could stop investment 'in its tracks'
    The Canadian Press3 days ago

    Rogers CEO warns a bad regulatory policy could stop investment 'in its tracks'

    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

  • The Canadian Press3 days ago

    Most actively traded companies on the TSX

    Some of the most active companies traded Thursday on the Toronto Stock Exchange:

  • Thomson Reuters StreetEvents3 days ago

    Edited Transcript of RCI.B.TO earnings conference call or presentation 18-Apr-19 12:00pm GMT

    Q1 2019 Rogers Communications Inc Earnings Call

  • GlobeNewswire3 days ago

    Rogers Communications Announces Voting Results from Annual Meeting of Shareholders

    TORONTO, April 18, 2019 -- Rogers Communications Inc., a leading diversified Canadian communications and media company, in accordance with Toronto Stock Exchange requirements,.

  • Baystreet3 days ago

    Stocks in play: Rogers Communications Inc.

    Announced today that the Toronto Stock Exchange has accepted a notice filed by Rogers of its intention ...

  • Rogers Communications quarterly profit misses estimates
    Reuters3 days ago

    Rogers Communications quarterly profit misses estimates

    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 ...

  • GlobeNewswire3 days ago

    Rogers Communications Declares 50 Cents per Share Quarterly Dividend

    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..

  • GlobeNewswire3 days ago

    Rogers Communications Inc. Announces TSX Acceptance of Normal Course Issuer Bid

    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.

  • GlobeNewswire3 days ago

    Rogers Communications Reports First Quarter 2019 Results

    Increased total service revenue and adjusted EBITDA by 3% and 7%, respectively, excluding the impact of certain baseball-related transactionsDelivered strong financial and.

  • How Rogers Communications (TSX:RCI.B) Is Outdoing its Peers
    The Motley Fool5 days ago

    How Rogers Communications (TSX:RCI.B) Is Outdoing its Peers

    Investors contemplating an investment in Canada's saturated telecom market need to seriously consider Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI).

  • Rogers Communications Inc. (TSE:RCI.B): What Can We Expect From This High Growth Stock?
    Simply Wall St.7 days ago

    Rogers Communications Inc. (TSE:RCI.B): What Can We Expect From This High Growth Stock?

    The most recent earnings release Rogers Communications Inc.'s (TSE:RCI.B) announced in December 2018 confirmed that the company experienced a strong tailwi...

  • GlobeNewswire11 days ago

    Rogers Secures New 5G Spectrum in Every Province and Territory

    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.

  • Which Telecom Has Better Upside: Corus (TSX:CJR.B) or Rogers (TSX:RCI.B)?
    The Motley Fool14 days ago

    Which Telecom Has Better Upside: Corus (TSX:CJR.B) or Rogers (TSX:RCI.B)?

    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.

  • GlobeNewswire23 days ago

    Rogers Communications 1Q19 Investment Community Teleconference April 18, 2019 at 8:00 a.m. ET

    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.

  • Top Dividend Stock That Retirees Would Love to Buy
    The Motley Fool23 days ago

    Top Dividend Stock That Retirees Would Love to Buy

    Rogers Communications Inc.'s (TSX:RCI.B)(NYSE:RCI) dominant position makes it a top dividend stock to own in any retirement portfolio.

  • The Content Streaming War Begins: Can This Canadian Stock Compete?
    The Motley Fool25 days ago

    The Content Streaming War Begins: Can This Canadian Stock Compete?

    As Apple Inc. (NASDAQ:AAPL) unveils its big push to capture the content streaming crown, can one Canadian stock compete with the NASDAQ?

  • 3 Top Dividend Stocks to Buy When a Recession Is Looming
    The Motley Fool27 days ago

    3 Top Dividend Stocks to Buy When a Recession Is Looming

    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.

  • 3 Dividend Stocks That Will Benefit From Low Rates
    The Motley Fool29 days ago

    3 Dividend Stocks That Will Benefit From Low Rates

    A prolonged pause on rate hikes will help stocks like Fortis Inc. (TSX:FTS)(NYSE:FTS) and others.

  • Rogers sells flagship magazines Maclean's, Chatelaine in deal with St. Joseph
    The Canadian Presslast month

    Rogers sells flagship magazines Maclean's, Chatelaine in deal with St. Joseph

    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 to sell publishing division to St. Joseph Communications
    Yahoo Finance Canadalast month

    Rogers to sell publishing division to St. Joseph Communications

    Rogers Communications Inc. (RCI-B.TO) has entered into an agreement to sell its print media brands to Toronto-based St. Joseph Communications.

  • GlobeNewswirelast month

    Rogers Enhances Wireless Service in Guelph

    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.

  • GlobeNewswirelast month

    Rogers Continues to Enhance Wireless Service in Ottawa

    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.

  • GlobeNewswirelast month

    Rogers invests $100 million to bring wireless coverage to over 1,000 kilometres of rural and remote corridors across Canada

    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.

  • Dividend Stocks Showdown: Wireless Juggernauts
    The Motley Foollast month

    Dividend Stocks Showdown: Wireless Juggernauts

    Unlike its competitors, BCE Inc. (TSX:BCE)(NYSE:BCE) has lower debt, higher value, and a more sustainable dividend, according to Vishesh Raisinghani.

  • TFSA Investors: 3 Great Stocks Yielding Up to 8.2%
    The Motley Foollast month

    TFSA Investors: 3 Great Stocks Yielding Up to 8.2%

    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).