|Bid||66.34 x N/A|
|Ask||66.35 x N/A|
|Day's Range||66.25 - 66.95|
|52 Week Range||64.25 - 73.82|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||16.46|
|Forward Dividend & Yield||2.00 (2.89%)|
|1y Target Est||75.56|
Rogers announced that its IPTV service, Ignite TVTM, is now available across New Brunswick. This innovative TV service deeply integrates the best content available and revolutionizes the entertainment experience. Customers can search for their favourite content and navigate the platform in both French and English using their voice.
The U.S. stock futures were flat heading into Tuesday trading after a three-day rebound. Investors are hoping the U.S. government will provide more stimulus to keep the economy chugging along.
Rogers Communications today said it is very disappointed by the CRTC’s decision to dramatically reduce the aggregated wholesale rates that third-party Internet resellers pay to access broadband networks in Canada. The final rates do not recognize the true cost of building and expanding Canada’s world-class broadband networks and will certainly impact Rogers future network investments. As a result of the CRTC decision, Rogers expects to record a charge of approximately $140 million in the current quarter to account for the retroactive impact of the lower rates.
Every investor in Rogers Communications Inc. (TSE:RCI.B) should be aware of the most powerful shareholder groups...
Today, Fido announced that it is eliminating data overage fees so customers can go all out, without going over, with the launch of Data Overage Protection, a feature that will be included in new Fido Data, Talk and Text plans starting today. “We know that data overage fees are a major concern for some customers, and that many hold back from using the full data included in their plans,” said Nancy Audette, Vice President, Fido. The new plans build on features Fido has introduced including 5 Extra Hours of Data, giving customers access to one free hour of data, five times a month, and Fido XTRA, offering Fido postpaid mobile and internet customers new perks every Thursday.
Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) will be getting a new leader for its media segment, but how will this affect shareholders?
To tweet this release: https://bit.ly/2YmHrNB TORONTO, Aug. 02, 2019 -- OMNI Television is part of the Canadian Debate Production Partnership (CDPP) and looks forward to.
TORONTO — Rogers Communications says Jordan Banks will take on the role of president of its Rogers Media division starting Sept. 9.The telecom company says current president Rick Brace, appointed to the role in 2015, will help in the transition until he retires from Rogers at the end of the year.Banks comes to the role from Facebook and Instagram Canada, where he has served as managing director for seven years.The Toronto-based company says his mandate will have a focus on driving growth across Rogers' sports and local channels in an increasingly digital world.Rogers Media's business includes Sportsnet, Citytv, OMNI Television, the Toronto Blue Jays, a shopping channel and radio stations.The company announced in March it had reached a deal to sell its magazine brands including Maclean's and Chatelaine, while in May it struck a deal to buy Vancouver-based podcast production company Pacific Content.In June, it also cut an unspecified number of off-air jobs across its Sportsnet organization to reposition it for the future. The cuts came after letting go of star broadcaster Bob McCown after 30 years as host of the program "Prime Time Sport."Rogers Communications CEO Joe Natale says in a statement that Brace's tenure "measurably reshaped" the company's media business for the future while noting that incoming president Banks is a "transformative digital executive." Companies in this story: (TSX:RCI.B) The Canadian Press
Rogers Communications announced today the appointment of Jordan Banks as President of Rogers Media, effective September 9, 2019. Rick Brace, who has served as President of Rogers Media since 2015, will retire from the company at the end of the year. Banks has more than 20 years of experience in the media, sports, and technology sectors. A visionary, digital leader, he brings deep global content experience and a proven track record of driving growth.
“We are committed to bringing wireless connectivity to rural, remote and northern parts of Canada,” said Rick Sellers, President of British Columbia, Rogers Communications. Rogers has worked with the the Nisg̱a’a Nation to construct five network sites to provide coverage to the villages of Gitlax̱t'aamiks, Gitwinksihlkw, Laxg̱galts’ap, and Ging̱olx. Through this unique collaboration, the Nisg̱a’a Nation constructed and funded the new sites, which are operated by Rogers on Canada’s most trusted network.
Rogers Communications Inc (TSX:RCI.B)(NYSE:RCI) status as a top Canadian dividend stock is intact, despite some short-term setbacks.
TORONTO — The chief executive of Rogers Communications Inc. said Tuesday that a major change in wireless billing strategy is surpassing internal expectations, although overall subscriber additions in the second quarter missed analyst estimates.The Toronto-based wireless, internet, cable and media company began selling wireless plans that don't charge overage fees on June 13, a move since followed by Telus and Bell, which own Canada's other national mobile phone services.Overage fees contribute to the company's wireless service revenue, but Rogers officials said they expect better economics in the medium and longer term to offset a moderation in revenue growth in the short term."While it is still early days, the response has been overwhelmingly positive," Rogers CEO Joe Natale told analysts Tuesday on a second-quarter conference call.Net additions to Rogers post-paid wireless services were down sharply from the same period of 2018. The company added 77,000 postpaid subscribers, compared with 122,000 a year earlier, and below a consensus estimate of 89,000.By comparison, Freedom Mobile — which has had no-overage plans for more than a year — added 61,000 postpaid customers in its March-May quarter from a smaller base in Ontario, Alberta and British Columbia.Natale focused more on the 365,000 subscribers who took up the new Rogers no-overage plans in six weeks, two-thirds of them choosing higher-priced monthly plans than they had previously.Rogers had expected a majority to opt for lower-priced plans than they had, he said. "And so we were quite pleasantly surprised to see the inverse happening," Natale said.Overall, analysts said the Rogers wireless business had a soft quarter — although opinions varied about whether its subscriber additions were disappointing or better than anticipated given that a general slowdown has been expected.Analyst Drew McReynolds of RBC Dominion Securities wrote in a note to clients Tuesday that postpaid net additions at Rogers were better than RBC's estimate of 67,000. By contrast, Aravinda Galappatthige of Canaccord Genuity said the 77,000 was short of his estimate of 95,000 and the consensus estimate of 89,000 net postpaid additions.But Galappatthige also noted that the wireless division's EBITDA (earnings before taxes and other items) was "robust" at $1.13 billion and "nicely above" his estimate of $1.119 billion and consensus of $1.120 billion.Rogers is the first of Canada's national wireless companies to report its second-quarter results and provide initial feedback from their adoption of no-overage plans since mid-June.The Rogers financial report missed analyst estimates in terms of overall adjusted earnings per share and overall revenue.Analysts had estimated $1.17 per share of adjusted earnings with $3.87 billion of revenue, according to the financial markets data firm Refinitiv.The company's revenue for the three months totalled $3.78 billion, up one per cent from $3.76 billion a year earlier.Overall revenue from wireless, including services and devices, was $2.24 billion — up one per cent from last year. Revenue from the cable division was up one per cent to $997 million, with internet services as the major driver.Revenue from the Rogers media division was down three per cent to $591 million, following the sale of its consumer magazines in April and lower revenue from the Toronto Blue Jays baseball team.After adjustments, the diluted profit was equal to $1.16 per share.The company's second-quarter profit was $591 million, up 10 per cent from $538 million in the second quarter of 2018.Rogers and Telus have also recently introduced new financing options that allow customers to spread the cost of new devices over several years. Bell hasn't announced a device financing plan.Last week, the Canadian Radio-television and Telecommunications Commission said it would investigate the deals to determine if they comply with an industry code of conduct that limits mandatory contract terms. The wireless code requires carriers to limit service contracts to 24 months or less in length and there have been questions about whether device financing plans over a longer term would be acceptable to the regulator. Companies in this story: (TSX:RCI.B, TSX:BCE, TSX:T)David Paddon, The Canadian Press
Delivered strong financial and operational performance in Wireless Grew service revenue by 3% and adjusted EBITDA by 10%Delivered postpaid churn of 0.99% for the second.
Showdown! Should new telecom investors put their capital to work in Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) or Telus Corporation (TSX:T)(NYSE:TU)?
Rogers Communications Inc. says it will open a new innovation lab in Waterloo, Ont., in September to advance the commercialization of fifth-generation wireless networks that will begin to roll out next year. The initiative includes a three-year partnership with Communitech, which promotes and supports Waterloo Region as a community for innovative startups and larger technology players. The Toronto-based company, which owns one of Canada's three national wireless networks as well as cable television, internet and media businesses, has also been working with Swedish 5G network vendor Ericsson.
Rogers Communications today announced a three-year partnership with Communitech to open a new 5G innovation lab that will advance made-in-Canada 5G technology and commercialize 5G use cases. As part of the partnership, the new lab, opening in September, will accelerate and launch smart city, IoT and enterprise 5G applications that will change the way we live and work.
Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI) stock goes head-to-head with an established adversary as the battle for 5G heats up.