|Bid||63.34 x N/A|
|Ask||63.35 x N/A|
|Day's Range||62.99 - 63.59|
|52 Week Range||60.06 - 73.82|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||15.74|
|Forward Dividend & Yield||2.00 (3.18%)|
|1y Target Est||69.75|
Today, Rogers Communications announced it is making significant investments in its wireless network to enhance connectivity in Kelowna, West Kelowna and Westbank First Nation, providing new coverage and a more reliable and consistent experience for Rogers and Fido customers. The $16.5M network investment includes the construction of new towers and major upgrades to existing cell sites, to be completed by early 2020.
Rogers Communications Inc (TSX:RCI.B)(NYSE:RCI) is a solid blue-chip stock for long-term investors to own, but is it even the top company in the telecom industry?
Rogers Communications, with the University of British Columbia (UBC), today announced it turned on the country’s first 5G-powered smart campus as part of their strategic partnership to advance 5G research in Canada. The smart campus, which includes 5G towers throughout UBC’s Point Grey campus and an edge computing enabled data centre, is being used by university researchers to test 5G applications in a real-world setting. “With 5G at our doorstep, we’re focused on bringing together Canada’s brightest minds to research, incubate and commercialize applications that will transform the way we live and work,” said Jorge Fernandes, Chief Technology Officer, Rogers Communications.
Getting yield can be tricky, but after the pullback in telecom stocks like Rogers Inc. (TSX:RCI.B)(NYSE:RCI) are there finally some options for dividends?
Rogers Communications Inc, one of Canada's three largest telecommunication sector stocks, is down by a large margin all of a sudden. Let's see what happened.
November should be a good month for Rogers Communications (TSX:RCI.B)(NYSE:RCI), Medical Facilities Corp (TSX:DR), and MTY Food Group (TSX:MTY).
Rogers Communications Inc. ("RCI") announced today that it will redeem on November 27, 2019 all of RCI’s $900 million principal amount of 4.70% Senior Notes due 2020. RCI also announced today that it has priced an underwritten public offering of US$1,000 million aggregate principal amount of 3.70% senior notes due 2049. The net proceeds from the issuance of these US dollar debt securities will be approximately US$978 million and are expected to be used to fund the redemption of the 4.70% Senior Notes due 2020 and for general corporate purposes.
Rogers Communications stock can withstand economic downturns and tough times because the demand for its services is constantly high. You can survive a recession with this dividend stock alone.
Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) led the downward charge on Wednesday, plunging over 8%, with other telecoms falling 4%. Which, if any, telecoms are buys on the dip?
Buy Rogers Communications (TSX:RCI.B)(NYSE:RCI) stock after its poor earnings release to take full advantage of the inevitable bounce back.
Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) weakness is offering a great opportunity to buy one of the best dividend stocks cheap.
Do unlimited data plans make BCE Inc. (TSX:BCE)(NYSE:BCE), Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI), and TELUS Corporation (TSX:T)(NYSE:TU) bad investments?
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,335.93, down 55.59 points.)Encana Corp. (TSX:ECA). Energy. Unchanged at $5.33 on 9.4 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 13 cents, or 2.77 per cent, to $4.82 on 6.2 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up six cents, or 3.87 per cent, to $1.61 on 6.2 million shares.Hexo Corp. (TSX:HEXO). Health care. Up 12 cents, or 3.54 per cent, to $3.51 on 5.4 million shares.Bank of Montreal. (TSX:BMO). Financials. Up 10 cents, or 0.1 per cent, to $97.71 on 5.4 million shares.Rogers Communications Inc. (TSX:RCI.B). Telecommunications. Down $5.39, or 8.12 per cent, to $61 on 5.2 million shares. Companies in the news:Hexo Corp. — Cannabis company Hexo Corp. says it is postponing its fourth-quarter earnings release as it announces a $70 million private placement of convertible debentures led by a group of investors, including its chief executive. The Gatineau, Que.-based company says that in light of this financing and additional time needed to finalize its year-end filings, Hexo will push back its earnings release to Oct. 28 and its conference call to Oct. 29. Hexo says in a release that it has entered into subscription agreements with a group of investors, including CEO Sebastien St-Louis, directors and other long-term shareholders, that have agreed to purchase on a private placement basis $70 million of unsecured convertible debentures of the company.Rogers Communications Inc. — Enthusiasm for wireless data plans that don't charge overage fees has forced Rogers Communications Inc. to slash its revenue expectations for this year. Senior executives told analysts Wednesday that they were positively surprised that about one million customers have switched to its unlimited wireless data plans, but acknowledged that has meant less revenue from overage fees generated when consumers surpass the monthly limits. Rogers said it now expects that 2019 full-year revenue may fall by up to one per cent compared with 2018 and the high end of its expectations is now only one per cent revenue growth. This report by The Canadian Press was first published Oct. 23, 2019.The Canadian Press
TORONTO — Enthusiasm for wireless data plans that don't charge overage fees has forced Rogers Communications Inc. to slash its revenue expectations for this year.Senior executives told analysts Wednesday that they were positively surprised that about one million customers have switched to its unlimited wireless data plans, but acknowledged that has meant less revenue from overage fees generated when consumers surpass the monthly limits.Rogers said it now expects that 2019 full-year revenue may fall by up to one per cent compared with 2018 and the high end of its expectations is now only one per cent revenue growth.It had estimated in January, several months before the switch to unlimited data plans at Rogers Wireless, that 2019 revenue growth would be between three and five per cent.Chief executive Joe Natale said Rogers did an analysis before making the wireless plan change, but was surprised by how quickly consumers gravitated to the new unlimited data offerings. "That ended up being three times the rate that we had anticipated, which I think is a good thing," Natale said.He said the switch to unlimited wireless data plans, which began in late June, was the beginning of a "critical and necessary shift" that has three long-term advantages: higher consumer data usage, increased customer satisfaction and lower costs to acquire and retain customers."Overage is a big pain point for customers. Rather than continue to perpetuate that complexity, which drives all sorts of ... costs in our organization, we said 'Let's bite the bullet. Let's create a very simple construct. And let's get to the simplicity dividend as quickly as we can.' "He said it would have been preferable to know how quickly consumers would make the switch, but otherwise the change has been in line with expectations. About 60 per cent of switched customers have upgraded to a higher-priced plan and 40 per cent opted for a less expensive one. Also, there were 13 per cent fewer calls for customer support during the quarter and the calls took a shorter average time for customers on the unlimited plans, he said.Rogers reported net profit for the quarter ended Sept. 30 of $593 million or $1.14 per diluted share on $3.75 billion in revenue, compared with $594 million or $1.15 per diluted share on nearly $3.77 billion in revenue last year.On an adjusted basis, Rogers earned $622 million or $1.19 per diluted share for the quarter, down from an adjusted profit of $625 million or $1.21 a year ago.Analysts had estimated $1.31 per share of adjusted earnings with $3.87 billion of revenue, according to financial data firm Refinitiv.Rogers was the first of Canada's national wireless companies to adopt fixed monthly prices for its wireless data plans, but the move has been more or less matched by Bell and Telus. Freedom Mobile — which competes against the three national carriers in Ontario, Alberta and British Columbia — already had similar plans.Besides its wireless business, Rogers has one of the country's largest residential internet and cable TV services and a media business that includes radio, TV and digital outlets as well as the Toronto Blue Jays baseball team.Third-quarter revenue from the wireless business was up one per cent from a year ago to $2.24 billion, cable revenue including internet was up one per cent to $997 million and media revenue was down three per cent to $591 million.In its outlook, guidance for adjusted earnings before interest, taxes, depreciation and amortization was lowered to growth of three to five per cent compared with earlier expectations for growth of seven to nine per cent. Adjusted EBITDA in the third quarter was up nine per cent.Rogers also cut its plan for capital spending this year to between $2.75 billion and $2.85 billion from between $2.85 billion and $3.05 billion.Rogers class B shares fell below their previous 52-week low of $63.23 on Wednesday. The stock was down $4.87 at $61.52 in afternoon trading, a decline of about 7.3 per cent from the previous close.Shares of Bell Canada's parent, BCE Inc., were down about 2.7 per cent at $62.21 and Telus shares were down two per cent at $45.85. Shares of Shaw Communications, parent of Freedom Mobile, were down almost one per cent at $25.16. This report by The Canadian Press was first published Oct. 23, 2019.Companies in this story: (TSX:RCI.B, TSX:BCE, TSX:T, TSX:SJR.B)David Paddon, The Canadian Press
(Bloomberg) -- Rogers Communications Inc. shares fell the most in almost four years after cutting forecasts for revenue and capital spending and as third-quarter earnings missed analysts’ estimates.The Toronto-based telecommunications company fell 5.6% to C$62.68 at 9:58 a.m. trading in Toronto, the biggest intraday decline since Jan. 27, 2016, according to data compiled by Bloomberg. Shares of Rogers’ rivals BCE Inc. Telus Corp. and Shaw Communications Inc. also fell.Rogers cited accelerated demand for new unlimited mobile data plans for cutting annual forecasts on key financial measures Wednesday in its earnings statement. Revenue for 2019 is now forecast to range between a 1% decrease and a 1% increase, down from previous guidance of a 3% to 5% gain. Capital expenditures are expected to be C$2.75 billion ($2.1 billion) to C$2.85 billion for the year, from as high as C$3.05 billion.“The downward adjustment primarily reflects faster-than-expected adoption of our new Rogers Infinite unlimited data plans and the related reduction in overage revenue, lower wireless equipment revenue resulting from the highly competitive environment, and certain efficiencies recognized this year on capital expenditures,” Rogers said.The company also cut its forecasts for adjusted earnings and free cash flow.“This impact comes faster and at a greater impact than even we had cautiously expected, and is apt to linger until 2021 as customers continue to migrate to the new plans,” analysts Adam Ilkowitz and Michael Rollins of Citigroup Global Markets said in a note to clients.Rogers posted C$593 million in net income, or C$1.14 a share, compared with C$594 million, or C$1.15 a year earlier. Adjusted earnings of C$1.19 a share missed the C$1.31 estimate of analysts surveyed by Bloomberg.Canadian telecom companies also face new political pressure, with the latest federal election campaign targeting the wireless providers for their data plans. Prime Minister Justin Trudeau, whose Liberal Party was re-elected Monday with a minority government, pledged to cut wireless services costs by 25% within four years.The Canadian Wireless Telecommunications Association said that competition is already creating value and lowering data prices.“With the vigorous competition among wireless carriers, the cost of wireless data in Canada is already declining significantly,” the association said in an emailed statement. “Today, Canadians in every region of the country can get unlimited data plans starting from C$50-C$75 a month. This is a significant decline in the price of data from just a year ago.”(Updates with share performance in first two paragraphs)To contact the reporters on this story: Doug Alexander in Toronto at email@example.com;Divya Balji in Toronto at firstname.lastname@example.orgTo contact the editor responsible for this story: David Scanlan at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Accelerated adoption of Rogers Infinite™ unlimited data plans Attracted approximately 1 million wireless subscribers to Rogers Infinite™ unlimited data plansCustomers adopting.
January 2, 2020 payment date following December 11, 2019 record date Quarterly dividend of 50 cents per share declared by Board TORONTO, Oct. 23, 2019 -- Rogers.