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Rogers Communications Inc. (RCI-B.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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60.58+0.50 (+0.83%)
At close: 4:00PM EDT
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Previous Close60.08
Open60.00
Bid60.55 x 0
Ask60.58 x 0
Day's Range59.87 - 60.66
52 Week Range50.68 - 65.72
Volume484,653
Avg. Volume1,705,682
Market Cap30.745B
Beta (5Y Monthly)0.31
PE Ratio (TTM)19.34
EPS (TTM)3.13
Earnings DateN/A
Forward Dividend & Yield2.00 (3.30%)
Ex-Dividend DateMar. 09, 2021
1y Target Est69.50
  • The Canadian Press

    Most actively traded companies on the Toronto Stock Exchange

    TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,351.32, up 29.40 points.) Innergex Renewable Energy Inc. (TSX:INE). Utilities. Up 47 cents, or 2.05 per cent, to $23.40 on 14.8 million shares. Algonquin Power and Utilities Corp. (TSX:AQN). Utilities. Down 19 cents, or 0.93 per cent, to $20.16 on 13.2 million shares. Boralex Inc. (TSX:BLX). Utilities. Up 49 cents, or 1.14 per cent, to $43.56 on 10.5 million shares. Ballard Power Systems Inc. (TSX:BLDP). Industrials. Up 97 cents or 3.75 per cent, to $26.84 on 10.3 million shares. Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up one cent, or 2.67 per cent, to 38.5 cents on 8.7 million shares. Enbridge Inc. (TSX:ENB). Energy. Down 11 cents, or 0.24 per cent, to $46.63 on 7.89 million shares. Companies in the news: Rogers Communications Inc. (TSX:RCI.B) Up 50 cents, or 0.83 per cent, to $60.58. Quebecor Inc. (TSX:QBR.B) Up nine cents, or 0.25 per cent, to $35.59. Canada's regional wireless and internet carriers will benefit the most from this week's landmark regulatory ruling by the CRTC, telecommunications analysts and consumer advocates say. Financial analysts at RBC Capital Markets and Canaccord Genuity Capital Markets say Quebecor's Videotron and Cogeco Communications will likely have more room to grow, given the CRTC's new restrictions on BCE's Bell Canada, Rogers Communications Inc. and Telus Corp. But the analysts also say the three big national wireless carriers will likely be able to manage the new CRTC rules. "We view this decision as 'constructive-enough' and manageable for national operators while at the same time 'extending a helping hand' to existing regional wireless operators," RBC analyst Drew McReynolds wrote in an report for clients. However, one of Canada's most outspoken consumer advocacy groups, OpenMedia, criticized the CRTC on Thursday for putting too much emphasis on the regional carriers, doing too little to limit the market power of the Big Three and doing very little to help new entrants to the wireless markets. The financial analysts took a more favourable view of the CRTC decision, noting that Videotron will have more options to strengthen its base in Quebec or buy assets in other provinces and Cogeco may be able to advance its strategic goal of adding wireless to its internet and cable TV networks. Aphria Inc. (TSX:APHA). Up 69 cents, or 4.06 per cent, to $17.69. A vote by Tilray Inc. shareholders on the cannabis company's deal to merge with Aphria Inc. has been delayed, allowing shareholders more time. The vote had been scheduled for Friday, but shareholders will now vote on April 30. The company says that shareholders who have already voted do not need to recast their votes. Proxies previously submitted will be voted at the reconvened meeting unless revoked. Tilray and Aphria announced their agreement to merge in December. If approved, the two will operate under the Tilray name with Aphria chief executive Irwin Simon at the helm. Aphria shareholders voted 99.38 per cent in favour of the deal earlier this week. This report by The Canadian Press was first published April 16, 2021. The Canadian Press

  • Rogers Ranked by Ookla as Canada’s Most Consistent National Wireless and Broadband Provider, with Fastest Internet in Ontario and New Brunswick
    GlobeNewswire

    Rogers Ranked by Ookla as Canada’s Most Consistent National Wireless and Broadband Provider, with Fastest Internet in Ontario and New Brunswick

    For a third quarter in a row, Canada’s most trusted and most reliable wireless network delivers the most consistent speeds of any national carrier¹ Canada’s largest and most reliable 5G network ranks first for highest time spent on 5G TORONTO, April 15, 2021 (GLOBE NEWSWIRE) -- As reliable, consistent connectivity continues to play a critical role in Canadians’ lives, Rogers today announced that for the third quarter in a row, its mobile and fixed broadband networks keep delivering customers the most consistent speeds of any national wireless network or top internet provider in Canada as confirmed by Ookla®, the global leader in fixed broadband and mobile network testing applications. In Ookla’s Speedtest Intelligence® results for Q1 2021, Rogers has also once again been named the fastest fixed broadband service in Ontario and New Brunswick. With the fastest speeds in these provinces, Rogers Ignite Internet customers can enjoy the benefits of connecting more devices simultaneously at home, whether for entertainment, gaming, remote working, or online learning. Also released in its Q1 report, Rogers ranks first for highest time spent on 5G, indicating that Rogers 5G customers experience more time on Canada’s largest and most reliable 5G network than any other 5G customers in Canada. Rogers 5G network is now available in 173 cities and towns across Canada, with more cities launched today. “Once again, we are proud to offer Canadians an award-winning experience on both our wireless and broadband networks, at a time when connectivity continues to be more important than ever,” said Jorge Fernandes, Chief Technology Officer at Rogers Communications. “Today’s Speedtest Intelligence® results from Ookla are further proof that investing in our networks not only supports the needs of Canadians today, but will help ensure our customers enjoy the best in connectivity well into the future and as we continue to expand Canada’s largest, most reliable 5G network.” Ookla, the global leader in fixed broadband and mobile network testing applications, aggregates millions of consumer-initiated tests through its app and website to measure mobile and internet consistency and speed. Ookla assesses the average of download and upload test results to rank network speed performance. Consistency Score™ measures what percentage of a provider’s samples equals or exceeds both a download and upload threshold that best supports the applications and experiences consumers use most (mobile threshold: 5 Mbps download and 1 Mbps upload; fixed threshold: 25 Mbps download and 3 Mbps upload). Today’s results2 are based on analysis by Ookla taken from January through March 2021. Rogers was the fastest fixed broadband provider in Ontario and New Brunswick for Q1 2021 with Median Download Speeds of 150.22 in Ontario and 175.27 in New Brunswick. Rogers Internet had the highest Consistency Score in Canada with 88.9%. Canada’s most reliable LTE network also achieved the top national wireless network Consistency Score of 88.7%. In addition, Rogers ranked number one for Ookla’s 5G Time Spent metric which captures the average percentage of time when subscribers’ 5G capable Android devices are connected to 5G. At 28.8%, Rogers 5G Time Spent was 10 percentage points higher than the nearest competitor. From providing Canada’s largest and most reliable 5G network in more than 170 cities and towns across the country, to offering up to 1 gigabit download speeds on Ignite Internet, to its leading IPTV service, today’s announcement builds on Rogers legacy of innovation and helps keep more Canadians connected3. Rogers has invested $60 billion in its networks over the past 35 years. In 2020, the company was awarded the best wireless network in Canada for the second year in a row by umlaut, the global leader in mobile network testing and benchmarking. Rogers was also ranked number one in the West and Ontario in the J.D. Power 2020 Canada Wireless Network Quality Study. Ookla Speedtest Intelligence Results for Q3 and Q4 2020 as well as Q1 2021 reported that Rogers delivers the most consistent wireless and broadband speeds of any national carrier. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com. For more informationmedia@rci.rogers.com1-844-226-1338 1 Most Reliable based on umlaut performance benchmark audit of Canadian mobile networks, June 2020; Most Trusted based on total wireless subscribers2 Ookla® Speedtest Intelligence® data for Q1 2021 https://www.speedtest.net/global-index/canada?fixed#market-analysis3 Largest based on total square kilometers of Rogers 5G coverage compared to published coverage of other national networks

  • Rogers Expands 5G Network in the West and Ontario and Powers Canada’s First 5G Drone Flight
    GlobeNewswire

    Rogers Expands 5G Network in the West and Ontario and Powers Canada’s First 5G Drone Flight

    Canada’s largest and most reliable 5G network reaches even more cities and towns across Manitoba and Ontario1 In collaboration with InDro Robotics and the University of British Columbia, Rogers for Business continues on its 5G innovation path marking the first drone flight on 5G in the country TORONTO, April 15, 2021 (GLOBE NEWSWIRE) -- Rogers Communications today announced it is expanding Canada’s largest and most reliable 5G network to now reach residents and businesses in Selkirk and Steinbach, Manitoba and St. Catharines, Ontario. Rogers 5G, powered exclusively by Ericsson, reaches 173 cities and towns nationwide offering 5G access to nearly half of Canada. As Rogers launches 5G across the country, it continues to prove the strength of its wireless and broadband networks, based on the latest network benchmarking report released today by Ookla®. Also announced today, Rogers for Business worked with InDro Robotics and the University of British Columbia’s MéridaLabs to complete Canada’s first remotely piloted aircraft system (RPAS) flight over a 5G network at the UBC campus in Vancouver, BC. 5G will enable the ability to fly drones on autonomous missions from remote command centres connected over a 5G network. The 5G infrastructure Rogers has installed at UBC is enabling researchers and partners to explore future innovations, including parcel tracking, scheduling, and delivery by drone. 5G drones are expected to provide untapped services for a number of industries including agriculture, natural resources, infrastructure and utilities, construction, first responders and more2. Today’s announcement with InDro Robotics and UBC is supported by Rogers multi-year partnership with the university to research, incubate and commercialize 5G applications in Canada. Rogers continues to make network and innovation investments throughout Western Canada. As part of the company’s future plans, Rogers will continue to invest in the West through the agreement to combine Rogers Communications with Shaw Communications, enabling the combined company to build critically needed 5G networks, bridge the digital divide, and connect underserved rural and Indigenous communities. Quotes:“We’re focused on bringing 5G connectivity to even more Canadian residents and businesses to help drive economic prosperity in our communities,” said Jorge Fernandes, Chief Technology Officer at Rogers Communications. “As we continue investing in our award-winning networks and Canada’s 5G ecosystem, we’ll begin to see more 5G use cases come to life that will play a critical role in transforming and evolving entire industries across the country.” “Over the last 12 months, wireless connectivity has become an even bigger part of critical infrastructure – helping our residents work, study and socialize online at unprecedented levels. Investments into more robust technology like this are critical for individuals and businesses alike, and we’re pleased to see St. Catharines included in Rogers’ map of 5G communities.” – Mayor Walter Sendzik, City of St. Catharines “By being a regional hub, tourist destination and gateway to the lakes, people and businesses in Selkirk need top notch mobile service that matches the other top notch services our city provides. The 5G network is an enhancement that will help support long-term success for a strong and stable local economy. We are excited to be a part of this expansion that brings faster download speeds, more capacity and lower latency.” - Mayor Larry Johannson, City of Selkirk “Access to 5G for drones is the step we needed to unleash the potential for drones to become far more productive,” said Philip Reece, President and CEO of InDro Robotics. “The amount of data that can be exchanged at near zero latency means we can now separate the pilot and crew from being on scene with the drone, engineers can carry out critical infrastructure inspection from their office increasing speed of response and safety. First responders will be able to gain great situational awareness before they arrive at an accident and share valuable information back to incident command live from the scene.” “This RPAS research is just one example of how 5G opens up new applications with significant societal benefit. 5G drones can be routinely used in the near future to monitor wildfires or assist in medical supplies delivery. They can be enlisted to provide security services and deployed during times of crisis and natural disasters. 5G enables us to explore many of the challenges and opportunities that will emerge as transportation and civil infrastructures become smart and interconnected.” - Walter Mérida, UBC professor in the faculty of applied science and lead, MéridaLabs Quick Facts: About 5G 5G will support a massive increase in the number of connected devices that require real-time connectivity for applications like earthquake prevention using AI and machine learning, autonomous mining and smart city applications such as mass drone delivery services.Wireless industry investments in 5G networks are expected to contribute an estimated $40 billion annually to the country’s economy and 250,000 permanent new jobs by 2026.3 Rogers Award-Winning Network Announced today, for the third quarter in a row, Rogers ranked Canada’s most consistent national wireless network and broadband provider by Ookla® with fastest Internet speeds in Ontario and New Brunswick.4 Rogers was awarded the best wireless network in Canada for the second year in a row in 2020 by umlaut. Rogers was ranked number one in the West and Ontario in the J.D. Power 2020 Canada Wireless Network Quality Study. Rogers has invested over $30 billion over the past 35 years to build Canada’s most trusted and reliable wireless network. About RogersRogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com. For more informationmedia@rci.rogers.com1-844-226-1338 1 Rogers was ranked first in the umlaut Mobile Data Performance audit in major Canadian cities in Q4, 2020. Visit www.umlaut.com/en/benchmarking/canada. Largest based on total square kilometers of Rogers 5G coverage compared to published coverage of other national networks.2 https://ospe.on.ca/wp-content/uploads/2020/03/Growing-the-Drone-Industry-in-Ontario.pdf 3 https://www.accenture.com/_acnmedia/PDF-112/Accenture-Accelerating-5G-in-Canada-PoV-2019.pdf#zoom=50 4 Ookla® Speedtest Intelligence® data for Q1 2021 https://www.speedtest.net/global-index/canada?fixed#market-analysis