Rogers Communications Inc. (RCI)

NYSE - NYSE Delayed Price. Currency in USD

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38.54

-0.24

(-0.62%)

At close: 04:00PM EDT

38.54

0.00

(0.00%)

After hours:

04:49PM EDT

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c
Another 52 week low today. Time to load up for the merger!
S
Don't worry, Hockey Night in Canada and Sportsnet should bring nice revenues to Rogers.
c
Why is this stock down so much?
J
TD Action list target $83 today.
Bullish
S
selling for now, gonna buy more again before ex-dividend date. ✌🏻
Neutral
A
why down?
T
Rogers is definitely a buy if anyone knows the company.
Sale or no sale...its obvious this company is strong and can compete with all industry competitors.
Z
They chose to sell Shaw to Quebecor because they know Trudeau will interfere and push for its approval. Taking a burdgeoning National wireless player and will make them mainly Quebec focused…lowering wireless costs for Quebec and no where else. Effectively giving Rogers what they want - less competition everywhere else. The competition bureau needs to stop this if they truly follow their mandate.
R
If they acquire Shaw I assume it's gonna be hard for them shouldering that debt with the recent events conspiring around Rogers. This is what happens when you operate with greed in mind. This is not the vision the late Ted Rogers had when he was handling this company. His children only see $$$ without investing in better infrastructure. They don't even have fibre in 2022 lol. Both Jr and Sr Rogers must be rolling over their graves right now with what their descendants are doing to their company.
N
Price Target 75$ CAD Sector Perform

-----Our view: Q2/22 results were ahead of our expectations with most wireless KPIs nicely ahead of forecast. 2022 guidance was reiterated. At current levels, we view Q2/22 results as positive for the shares. First impression

-----• Q2/22 results ahead of our expectations. Consolidated revenues and EBITDA were $3,868MM (+8.0% YoY) and $1,592MM (+15.9% YoY), respectively, versus our estimates of $3,786MM and $1,543MM (consensus is $3,798MM and $1,540MM). The positive revenue variance was mainly due to higher wireless network revenues on stronger ARPU growth. The positive EBITDA variance was due to the related flow-through to wireless EBITDA as well as slightly higher media EBITDA. Consolidated EBITDA margins were 41.2% (+280bps YoY) versus our estimate of 40.8%. Please see Exhibit 1 for a summary of Q2/22 results versus our expectations.

-----• A strong quarter for wireless as anticipated. Wireless revenues and EBITDA were $2,212MM (+7.2% YoY) and $1,118MM (+10.9%), respectively, versus our estimates of $2,179MM and $1,086MM (consensus is $2,180MM and $1,087MM) due to higher than forecast roaming revenue on renewed mobility and travel. Wireless EBITDA margins were 50.5% (+171bps), above our 49.8% estimate. Key wireless metrics were solid: (i) mobile phone postpaid net additions were +122k versus our estimate of +85k, consensus of +74k and +60k in Q2/21; (ii) mobile phone postpaid churn was 0.68% versus our estimate of 0.75%, consensus of 0.77% and down -8bps YoY; and (iii) mobile phone ARPU growth was +5.7% versus our estimate of +3.5% and consensus of +3.3%.

-----• Improving cable performance continues. Cable revenues and EBITDA were $1,041MM (+2.8% YoY) and $520MM (+5.7%), respectively, generally in line with our estimates of $1,035MM and $518MM (consensus is $1,036MM and $516MM) with results benefiting from the flow-through of Q1/22 price increases and improved efficiencies and execution. Cable EBITDA margins were 50.0% (+138bps YoY) versus our estimate of 50.1% (+150bps). Key cable metrics: (i) retail Internet net additions were +26k versus our estimate of +18k, consensus of +15k and +14k in Q2/21; (ii) cable customer relationships net additions were +14k versus our estimate of +15k, consensus of +8k and +7k in Q2/21; and (iii) cable ARPA increased +0.2% versus our estimate of -0.3% and consensus of +0.2%.

-----• Other notables. (i) the outside date on the Shaw transaction has been extended to December 31, 2022 (from July 31, 2022) with an option by either Rogers or Shaw to push it further out to January 31, 2023 provided committed financing is available; (ii) customer credits of ~$150MM from the July 8 network outage will be recognized in Q3/22; and (iii) Rogers Media results were slightly ahead of our expectations, albeit EBITDA break-even in the quarter.
I
hehe ...... Rogers telling others (Anti-Trust Bureau) what their "obligations" are.

The irony.
H
I get micro stoppages all of the time. However the worst thing is the payment policy. I moved from Bell to Rogers because they kept me paying large premiums when I had been a loyal customer for decades. Now Rogers is doing the same thing. I hope that Bell now treats its customers well.
P
perfect buying opportunity. buy things when they’re on sale as warren buffet would say. fundamentally nothing wrong with this company and they’ll still be here in 50 years making more money than ever. ill dabble and buy!
Bullish
F
The move to switch to ?ai call centre? will #$%$ off a lot of users.. I see them loosing customers in the short term future
Bearish
K
its been going down inspite of reporting earning beat last week.
B
charges an arm and a leg for cell phone service and doesnt give back dikall in divs
S
OMG GUYS KEEP SELLING, IT ABOUT TO GO $50 no cap
Bearish
R
Bulls tried so hard to hold it up
G
Rogers sales rep came to my door and offered $70/mo for 500 MBPS! I said Bell charges me $95/mo and won't lower it. He said he's aware but Rogers is having this promo in my area due to the recent outage aka too many people canceling :)
G
When was the last positive day?