|Bid||50.52 x 900|
|Ask||0.00 x 1100|
|Day's Range||50.28 - 50.75|
|52 Week Range||48.68 - 55.93|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||18.05|
|Forward Dividend & Yield||1.49 (2.86%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Facebook, United Technologies, United Parcel Service, Amphenol and Rogers Communications
Rogers Communication (RCI) delivered earnings and revenue surprises of -2.25% and -4.65%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Rogers Communications Inc, Canada's largest wireless carrier, on Tuesday reported a slightly lower-than-expected quarterly profit in a softer market that hit subscriber additions. Rogers, among Canada's Big Three telecoms, was the first in the country to introduce unlimited data plans last month, which was quickly followed by rivals BCE Inc's Bell Mobility and Telus Corp.
Rogers, among Canada's Big Three telecoms, was the first in the country to introduce unlimited data plans last month, which was quickly followed by rivals BCE Inc's Bell Mobility and Telus Corp. The company said 365,000 customers have already switched to the newly introduced "Infinite" data plan and their usage grew 50% within six weeks of its launch.
Rogers Communications (RCI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Rogers Communication (RCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While Huawei is cheaper and sophisticated compared with other alternatives, its close relationship to the Chinese government is troubling, Lind told BNN Bloomberg in a TV interview. U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau are expected to discuss about the dispute with China over Huawei during a meeting in Ottawa on Thursday.
Rogers Communication (RCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The head of the U.S. Justice Department's Antitrust Division, Makan Delrahim, postponed the deadline for approving the merger between Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) from last Monday to July 29. The delay has raised doubts about the deal getting the green light, sending both T-Mobile and Sprint stock lower in Monday trading. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading Tips"I have not made up my mind," Delrahim told CNBC. "The investigation continues. We've requested some data from the companies that will be forthcoming. We don't have a set number of meetings or a timeline," he added. * 10 Cheap Stocks to Buy in May, But Don't Go Away I'm not a legal analyst, but when a decision is delayed by three months, I think that usually indicates that the applicants are not winning the PR battle. I could not care less about either company, and I wouldn't own either stock, although I did suggest in February 2017 that investors interested in T-Mobile stock buy its parent, Deutsche Telekom (OTCMKTS:DTEGY), instead because it pays a healthy dividend. As for Sprint stock, InvestorPlace contributor Ian Bezek recently stated that its share price would be squashed if the Department of Justice denied the transaction. "Sprint stock could be heading for a similarly tragic fate. It's been apparent for years that Sprint and T-Mobile should merge to create a viable third option to AT&T and Verizon," Bezek wrote in an article published on Apr. 3. "Yet, the government seems increasingly set on blocking the deal. With Sprint set to have a poor 2019 as an independent company, shareholders need to start asking what happens if the deal is scuttled."At this point, I'd be shocked if the government allows the deal to go ahead. Here's why. Just Like CanadaIn Canada, there are only three wireless carriers: Rogers Communications (NYSE:RCI), BCE (NYSE:BCE) and Telus (NYSE:TU). Sure, a few independent carriers are operating, but there's a reason why Canada has some of the highest wireless charges in the world. "While progress is being made, prices in Canada remain expensive compared to other nations," the Department of Innovation, Science and Economic Development (ISED), which commissioned the annual study of wireless prices in Canada compared to the world, stated in December. The report found that a 2GB plan in Canada was 20% more expensive than the average price for the same plan in four mid-sized American cities. The Canadian package was also more expensive than similar plans in Berlin, Paris, London, and Rome.Naturally, the Canadian Wireless Telecommunications Association has a problem with the study because it doesn't focus on promotional pricing offered by its members. Anecdotally, I know how expensive Canadian plans are because friends of mine in Halifax who moved there from Washington D.C. last year, couldn't stop remarking about the difference in cost between their U.S. provider and Canadian ones. Let's just say that Canada has not benefited from a telecom triopoly. Significant OppositionSeveral different groups representing unions, consumer associations, media types, and other concerned citizens have railed against the Sprint-T-Mobile marriage because it does not help the average American much. "Our nation's antitrust and telecommunications laws set a purposefully high bar for mergers that consolidate a market to this degree," the detractors told the FCC. All of these diverse stakeholders have one clear message: The Department and Commission should reject this merger, because it means less competition, fewer choices, and higher prices for consumers.In what world does it make sense to have three companies controlling a wireless market with 327 million people?Canada has a population of 37 million, about one-eighth of America's, and yet it has three major providers, albeit ones that charge an arm and a leg for service. It is sheer lunacy to allow these companies to merge because if Canada is any indication, the results that the detractors warn about -- fewer choices and higher prices -- most certainly will materialize. If you own Sprint stock, I would sell it while you still can, because unless President Trump has something to gain financially from this deal going through, it isn't going to be approved. Full stop. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Sell Sprint Stock Because Sprint's Merger Will Probably Be Blocked appeared first on InvestorPlace.
Rogers Communication (RCI) delivered earnings and revenue surprises of -15.71% and -3.73%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Rogers Communications Inc on Thursday reported a quarterly profit that missed estimates on lower revenue from its media business. Total media revenue fell 12 percent to C$468 million. The year-ago quarter ...
To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNCGeneric_CA_04182019.pdf You can read Morning News Call Canada via TOPNEWS ...
On a per-share basis, the Toronto-based company said it had profit of 57 cents. Earnings, adjusted for non-recurring costs, came to 59 cents per share. The results did not meet Wall Street expectations. ...