RCI-B.TO - Rogers Communications Inc.

Toronto - Toronto Delayed Price. Currency in CAD
66.64
+0.52 (+0.79%)
As of 1:39PM EST. Market open.
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Previous Close66.76
Open66.76
Bid66.66 x N/A
Ask66.65 x N/A
Day's Range65.53 - 66.73
52 Week Range60.06 - 73.82
Volume384,636
Avg. Volume1,039,535
Market Cap33.678B
Beta (5Y Monthly)0.27
PE Ratio (TTM)16.56
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.00 (3.02%)
Ex-Dividend DateMar. 08, 2020
1y Target EstN/A
  • A Top TFSA Stock to Buy When it’s Selling Cheap
    The Motley Fool

    A Top TFSA Stock to Buy When it’s Selling Cheap

    Here is what makes Rogers Communications (TSX:RCI.B)(NYSE:RCI) an attractive stock to buy for your TFSA.

  • Thomson Reuters StreetEvents

    Edited Transcript of RCI.B.TO earnings conference call or presentation 22-Jan-20 1:00pm GMT

    Q4 2019 Rogers Communications Inc Earnings Call

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  • Rogers sees growth in wireless subscribers in Q4 2019, expects more to opt for unlimited data plans
    Yahoo Finance Canada

    Rogers sees growth in wireless subscribers in Q4 2019, expects more to opt for unlimited data plans

    Rogers Communications saw wireless subscriber growth in Q4 2019 and said it expects more customers to move over to its unlimited “Infinite” data plans, which will stabilize by the second half of the year.

  • Rogers chief executive warns Ottawa against making negative regulatory changes
    The Canadian Press

    Rogers chief executive warns Ottawa against making negative regulatory changes

    TORONTO — Rogers Communications Inc. plans to spend nearly $3 billion on capital investments this year but its chief executive warned Wednesday that amount could be reduced if Canada's government or telecom regulator adopt the wrong policies.The Toronto-based company — owner of one of Canada's biggest wireless and internet businesses — issued 2020 guidance that includes an estimate of between $2.7 billion and $2.9 billion of capital expenditures this year.But that's assuming there's no negative changes to the regulatory environment."If the regulatory rules change, we will cut our investment. We'll have no choice," Rogers chief executive Joe Natale said in an interview."If we lose the confidence of shareholders, then by definition our cost of capital goes up. Then, by definition, we can afford to invest less."The warning comes as the Trudeau government and the industry's regulator work to chart a path through several contentious issues that will affect Rogers, Bell and many other Canadian telecommunications and media companies.Most critical for Rogers is it's ability to justify the billions of dollars it's spending to prepare for fifth-generation wireless technology, and a parallel upgrade of land-based networks to connect cell towers and customers with fibre optics."As we enter the world of 5G, regulatory certainty is critical to investment," Natale said in a conference call with analysts."We need regulation that encourages investment and fuels innovation. Punitive regulation will slow, or worse, stall 5G deployment and expansion of rural connectivity will happen at a snail's pace if at all."Natale said following those remarks that the most critical regulatory issue for Rogers is whether builders of Canada's wireless and landline networks are forced to sell wholesale access to competitors at rates that are too low.Rogers, Bell and their peers are fighting similar battles against mobile virtual network operators (MVNOs) and independent internet service providers (ISPs) that want low wholesale rates for tapping into the bigger infrastructure.Supporters of MVNOs and independent ISPs argue they can provide a competitive alternative that stimulates the big telecom companies to provide consumers with lower prices and more innovative services.Opponents of MVNOs and independent ISPs argue that they haven't made comparable capital investments and shouldn't be guaranteed access to the big networks if it undermines their ability to fund future investments. Natale said the environment will hinge on a regulatory review of wholesale wireless rates, yet to be set, and appeals against wholesale landline rates set in August by the Canadian Radio-television and Telecommunications Commission.Rogers has spent $35 billion on infrastructure over the past 35 years and currently has about $18 billion of debt accumulated to fund that, he said.Natale added that Rogers is already running 5G pilots to test commercial applications for the technology, which he said would be as transformative as the arrival of internet access.Rogers announced last week that it has begun rolling out its first 5G networks in downtown Vancouver, Toronto, Ottawa and Montreal so it is ready when 5G devices become available this year.Natale said Wednesday that Rogers has finished testing Samsung's first 5G phones for Canada, which he said would be available in March.Rogers has also made a number of adjustments to the way it prices its wireless services, such as a switch to plans that provide unlimited data for a fixed monthly price, which has significantly reduced what it collects from overage fees.The company expects the loss of overage fees will depress its revenue for the first half of 2020 but growth will return in the second half.The Rogers wireless business accounted $2.49 billion of revenue in the quarter ended Dec. 31, up one per cent from a year earlier. However, that increase was due to an increase in equipment sales that offset a decline in service revenue.The company's overall revenue, including the Rogers cable, internet, and media businesses, was $3.95 billion, compared with $3.94 billion of revenue a year.Overall net income was $468 million, down seven per cent from a year earlier. Adjusted net income was $511 million, down from $585 million in the fourth quarter of 2018.Net income amounted to 92 cents per share and adjusted diluted earnings amounted to $1 per share.Analysts had estimated $1.02 per share of adjusted earnings with $3.95 billion of revenue, according to financial markets data firm Refinitiv.Rogers Communications shares closed up $2.10 or 3.2 per cent to $66.67 in Wednesday trading on the Toronto Stock Exchange.This report by The Canadian Press was first published Jan. 22, 2020.Companies in this story: (TSX:RCI.B, TSX:BCE)David Paddon, The Canadian Press

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  • Does Rogers Communications Inc.'s (TSE:RCI.B) P/E Ratio Signal A Buying Opportunity?
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    Does Rogers Communications Inc.'s (TSE:RCI.B) P/E Ratio Signal A Buying Opportunity?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...

  • Telecom experts encourage reduction in cell phone rates, but plead for government's caution
    Yahoo Finance Canada

    Telecom experts encourage reduction in cell phone rates, but plead for government's caution

    Innovation, Science and Industry Minister Navdeep Bains clarified the date from when a 25 per cent reduction on cellphone bill will be made, which telecom experts welcome, but caution that clear wording should be used when detailing what is measured to reduce prices. 

  • Yield Up to 118% Total Returns in 5 Years From These 5 Discounted Dividend Stocks
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    Great-West Lifeco Inc.'s (TSX:GWO) and four other Canadian stocks offer investors a combination in value, income, and capital gains.

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    2 High-Growth 5G Stocks to Consider in 2020

    If you're looking to get some growth into your RRSP or TFSA, consider Quebecor Inc (TSX:QBR.B) stock.

  • More Canadians will upgrade to pricier unlimited data plans when 5G rolls out
    Yahoo Finance Canada

    More Canadians will upgrade to pricier unlimited data plans when 5G rolls out

    Rogers Communications (RCI-B.TO)(RCI) is rolling out 5G wireless networks in various downtown markets across Canada and a telecom equity analyst expects once the rollout is consumer-ready, more Canadians will upgrade their phone plans to take advantage of faster speeds.

  • Forget Banks: Buy This 1 Stock Instead!
    The Motley Fool

    Forget Banks: Buy This 1 Stock Instead!

    Rogers Communications Inc. is trading at a steep discount. Buy shares in your TFSA or RRSP today!

  • Rogers begins roll out of 5G network in major Canadian cities
    Reuters

    Rogers begins roll out of 5G network in major Canadian cities

    Rogers Communications Inc said on Wednesday it has started rolling out the fifth-generation (5G) telecoms network in some Canadian cities, becoming the country's first cellphone provider to offer the super-fast telecom services. Rogers, one of Canada's largest wireless carriers, will launch first in downtown Vancouver, Toronto, Ottawa, and Montreal, before expanding into over 20 more markets by the end of the year, in advance of 5G-enabled devices becoming available this year, the statement added. The 5G networks will have speeds fast enough to download a movie to a smartphone in seconds, while allowing businesses to run 'smart' factories using connected robots, devices and sensors.

  • Wholesale carriers still have a challenging road ahead, might not see growth
    Yahoo Finance Canada

    Wholesale carriers still have a challenging road ahead, might not see growth

    Looking ahead, several factors might still limit wholesale carriers from greatly penetrating the market share, industry leaders say. 

  • Retiree TFSA Investors: 2 Low-Risk Dividend Stocks to Last a Lifetime
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    Retiree TFSA Investors: 2 Low-Risk Dividend Stocks to Last a Lifetime

    Fortis stock and Rogers Communication stock are two buy-and-forget, low-risk stocks with a juicy yield.

  • Boasting A 22% Return On Equity, Is Rogers Communications Inc. (TSE:RCI.B) A Top Quality Stock?
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    Boasting A 22% Return On Equity, Is Rogers Communications Inc. (TSE:RCI.B) A Top Quality Stock?

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  • Avoid Stomach-Churning Losses in 2020 With 2 Low-Risk Stocks
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    Metro and Rogers are two low-risk stocks to provide your investment portfolio with protection against the possibility of loss.

  • Which Is the Better Telecom to Buy in 2020?
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  • TFSA Investors: 3 Dividend Stocks on Sale Yielding Up to 7.2%
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    TFSA Investors: 3 Dividend Stocks on Sale Yielding Up to 7.2%

    Rogers Communications Inc (TSX:RCI.B)(NYSE:RCI) and these two other dividend stocks could be bargain buys for investors looking for some recurring income.