52.79 -0.15 (-0.29%)
After hours: 4:26PM EDT
|Bid||52.93 x 800|
|Ask||52.94 x 800|
|Day's Range||52.40 - 53.08|
|52 Week Range||46.16 - 55.93|
|Beta (3Y Monthly)||0.35|
|PE Ratio (TTM)||18.91|
|Forward Dividend & Yield||1.50 (2.97%)|
|1y Target Est||54.02|
– CRTC application backed by 5,000 supporters –– Expands commitment to news programming – TORONTO, May 23, 2019 -- Rogers Media and OMNI Television will build on their depth.
Rogers to light up NB-IoT network technology beginning in Ontario in 2019, builds on Rogers LTE-M network technology launched in 2018 New IoT technologies are strategic step in.
Rogers Communication (RCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Rogers Square offers outdoor hub for community and business events at the Nova Centre Public invited to free grand opening activities on Saturday, May 18 HALIFAX, Nova Scotia,.
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.
VANCOUVER, British Columbia , May 01, 2019 -- Rogers Media’s investment in the future of audio content continues with the acquisition of Pacific Content – a leading.
Rogers Communications Inc. (“Rogers”) announced today that it has successfully closed its previously announced offering of US$1.25 billion aggregate principal amount of 4.35% senior notes due 2049 in the United States (“US notes”) (with an effective hedged Canadian dollar rate of 4.17%) and Cdn$1.0 billion aggregate principal amount of 3.25% senior notes due 2029 in Canada (“Cdn notes”) for aggregate net proceeds of Cdn$2.7 billion.
Rogers Communications Inc. ("RCI") announced today that it has priced a Canadian offering of $1.0 billion aggregate principal amount of 3.25% senior notes due 2029 (the “Canadian Notes”). The net proceeds from the issuance of the Canadian Notes will be approximately $991 million. RCI expects to use the net proceeds of this Canadian offering, together with other debt funding, to fund the $1.725 billion cash investment required to acquire 52 of 64 of the twenty year 600 MHz spectrum licenses available to Rogers.
Rogers Communications Inc. ("RCI") announced today that it has priced an underwritten public offering of US$1.25 billion aggregate principal amount of 4.35% senior notes due 2049. The net proceeds from the issuance of these US dollar debt securities will be approximately US$1.23 billion and are expected to be used, together with other debt funding, for general corporate purposes, including to fund maturing short-term borrowings and to fund the Cdn$1.725 billion cash investment required to acquire 52 of 64 of the twenty year 600 MHz spectrum licenses available to RCI. The sale of the US dollar debt securities is expected to close on April 30, 2019.
TORONTO, April 18, 2019 -- Rogers Communications Inc., a leading diversified Canadian communications and media company, in accordance with Toronto Stock Exchange requirements,.
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. ...
July 2, 2019 Payment Date Following June 10, 2019 Record Date Quarterly Dividend of 50 Cents per Share Declared by Board TORONTO, April 18, 2019 -- Rogers Communications Inc..
Rogers Communications Inc. (“Rogers”) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Rogers of its intention to commence a normal course issuer bid (“NCIB”) for its Class B Non-Voting shares (“Class B shares”) (TSX: “RCI.B”). Under the NCIB, Rogers may, during the twelve month period commencing April 24, 2019 and ending April 23, 2020, purchase on the TSX, the New York Stock Exchange, other designated exchanges and/or alternative trading systems the lesser of 35,758,662 Class B shares, representing approximately 10% of the public float of the Class B shares, and that number of Class B shares that can be purchased under the NCIB for an aggregate purchase price of $500 million.
Increased total service revenue and adjusted EBITDA by 3% and 7%, respectively, excluding the impact of certain baseball-related transactionsDelivered strong financial and.
NEW YORK, NY / ACCESSWIRE / April 18, 2019 / Rogers Communications Inc. Class A (NYSE: RCI.B ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on April 18, 2019 ...
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.
Rogers Communications announced today it invested $1.7 billion in Canada’s first-ever 5G auction to enable 5G deployment in urban, suburban and rural communities. “We are proud to make leading and meaningful investments to build the 5G ecosystem in Canada and to help drive our country’s global competitive advantage,” said Joe Natale, President and Chief Executive Officer, Rogers Communications.
Rogers Communications Inc. plans to release its first quarter 2019 financial results on Thursday, April 18, 2019 before North American financial markets open. A webcast of the teleconference will be available at this same website location following the teleconference. Members of the financial community wishing to ask questions during the call should dial 416-915-3239 (1-800-319-4610 toll free for North America) at least ten minutes prior to the scheduled start time and request access to Rogers’ first quarter 2019 results teleconference. Media are welcome to participate on a listen-only basis.