RCI-B.TO - Rogers Communications Inc.

Toronto - Toronto Delayed Price. Currency in CAD
65.02
-0.98 (-1.48%)
At close: 4:00PM EST
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Previous Close66.00
Open65.86
Bid64.99 x N/A
Ask65.02 x N/A
Day's Range64.96 - 66.00
52 Week Range60.06 - 73.82
Volume762,139
Avg. Volume896,664
Market Cap33.083B
Beta (5Y Monthly)0.32
PE Ratio (TTM)16.38
EPS (TTM)3.97
Earnings DateN/A
Forward Dividend & Yield2.00 (3.00%)
Ex-Dividend DateMar. 08, 2020
1y Target Est71.93
  • If You Only Buy 1 5G Stock, This Should Be it!
    The Motley Fool

    If You Only Buy 1 5G Stock, This Should Be it!

    If you're looking for a solid 5G stock to buy, consider Rogers Communications Inc (TSX:RCI.B)(NYSE:RCI).

  • Top Canadian 5G Stocks to Buy Right Now
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    Top Canadian 5G Stocks to Buy Right Now

    The 5G rollout is underway, and its heightened capabilities should give a boost to Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) and Telus Corporation (TSX:T)(NYSE:TU).

  • Rogers Communication (RCI) Down 2.3% Since Last Earnings Report: Can It Rebound?
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    Rogers Communication (RCI) Down 2.3% Since Last Earnings Report: Can It Rebound?

    Rogers Communication (RCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • TFSA Investors: Beware of the 12% Penalty Tax on Your TFSA
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    TFSA Investors: Beware of the 12% Penalty Tax on Your TFSA

    Responsible TFSA users shouldn’t be paying any tax — only maximizing the tax-free gains from investments in Royal Bank of Canada stock and Rogers Communications stock.

  • Telus reports net income growth, CFO says it will announce 5G vendor 'when we are ready'
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    Telus reports net income growth, CFO says it will announce 5G vendor 'when we are ready'

    The carrier added 130,000 wireless subscribers and announced a stock split, but their 5G vendor announcement will come later this year.

  • Samsung to bring 5G phones to Canada, but 'unlikely' many Canadians will buy one immediately: Deloitte
    Yahoo Finance Canada

    Samsung to bring 5G phones to Canada, but 'unlikely' many Canadians will buy one immediately: Deloitte

    Samsung announced that their 5G phones are coming to Canada in March, but one expert thinks it is “unlikely” that many Canadians will purchase them.

  • GlobeNewswire

    Rogers to Bring Customers Canada’s First 5G Device

    Rogers announced it is bringing Rogers Infinite customers Canada’s first 5G smartphones, the Samsung Galaxy S20 5G series, starting March 6. Rogers recently announced it began to roll out Canada’s first 5G network in downtown Vancouver, Toronto, Ottawa and Montreal, with 20 more markets to come this year.

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  • Bell selects Nokia as 'first' 5G vendor, sees earnings increase in Q4
    Yahoo Finance Canada

    Bell selects Nokia as 'first' 5G vendor, sees earnings increase in Q4

    Montreal-based national telecom carrier Bell announced a 12.6 percent net earnings increase totalling to $723 million in Q4 2019 or 74 cents per share. 

  • GlobeNewswire

    Rogers contributed $14.1 billion to the Canadian economy last year

    Rogers Communications announced today it contributed $14.1 billion directly to the Canadian economy in 2019 through investments in Canadian jobs, content, communities and networks. “As a proud Canadian company, Rogers has a deep history and legacy of investing in Canada,” said Joe Natale, President and Chief Executive Officer. Over the past 60 years, Rogers has invested tens of billions of dollars in network infrastructure across our vast country and re-invests 80 per cent of its profits back into Canada every year.

  • GlobeNewswire

    Rogers partners with Fleet Complete to bring Canadian businesses critical next-generation fleet management technology

    Rogers Communications and Fleet Complete today announced a strategic partnership to provide Canadian businesses with a full range of cost-effective commercial fleet management and asset tracking solutions. This collaboration will deliver connected technologies, including vehicle and asset GPS tracking, to businesses that own and operate fleets across Canada and the United States.

  • Unlimited data plans won't affect big carriers' revenue in the long term: analysts
    Yahoo Finance Canada

    Unlimited data plans won't affect big carriers' revenue in the long term: analysts

    Unlimited data plans will not affect revenue growth for big telecom carriers, equity experts say, even though a new PricewaterhouseCoopers report says by the end of 2020 new plans will hit revenue growth with the reduction of overage fees and the price per gigabyte. 

  • 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

  • Forget RRSPs: Why the TFSA May Be the Perfect Retirement Account for You
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    When buying stocks and investing your money for retirement, the majority of investors will be better off maxing out their TFSA before contributing to their RRSP.

  • 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

  • GlobeNewswire

    Rogers Communications Reports Fourth Quarter and Full-Year 2019 Results; Announces 2020 Financial Guidance

    Strong Wireless loading and accelerated adoption of Rogers Infinite™ unlimited data plans Added 131,000 postpaid nets, up 17% from 2018Grew Wireless adjusted EBITDA by 4%,.

  • GlobeNewswire

    Rogers Communications Declares 50 Cents per Share Quarterly Dividend

    April 1, 2020 payment date following March 10, 2020 record date Quarterly dividend of 50 cents per share declared by Board TORONTO, Jan. 22, 2020 -- Rogers Communications.

  • Baystreet

    Stocks Gain in Light Trading

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

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  • 2 High-Growth 5G Stocks to Consider in 2020
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    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.