|Bid||44.97 x 800|
|Ask||48.32 x 800|
|Day's Range||47.74 - 48.40|
|52 Week Range||45.94 - 55.93|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||17.22|
|Forward Dividend & Yield||1.53 (3.20%)|
|1y Target Est||54.02|
Today, Rogers Communications announced it is making significant investments in its wireless network to enhance connectivity in Kelowna, West Kelowna and Westbank First Nation, providing new coverage and a more reliable and consistent experience for Rogers and Fido customers. The $16.5M network investment includes the construction of new towers and major upgrades to existing cell sites, to be completed by early 2020.
Rogers Communications, with the University of British Columbia (UBC), today announced it turned on the country’s first 5G-powered smart campus as part of their strategic partnership to advance 5G research in Canada. The smart campus, which includes 5G towers throughout UBC’s Point Grey campus and an edge computing enabled data centre, is being used by university researchers to test 5G applications in a real-world setting. “With 5G at our doorstep, we’re focused on bringing together Canada’s brightest minds to research, incubate and commercialize applications that will transform the way we live and work,” said Jorge Fernandes, Chief Technology Officer, Rogers Communications.
Rogers Communications Inc. ("RCI") announced today that it will redeem on November 27, 2019 all of RCI’s $900 million principal amount of 4.70% Senior Notes due 2020. RCI also announced today that it has priced an underwritten public offering of US$1,000 million aggregate principal amount of 3.70% senior notes due 2049. The net proceeds from the issuance of these US dollar debt securities will be approximately US$978 million and are expected to be used to fund the redemption of the 4.70% Senior Notes due 2020 and for general corporate purposes.
Rogers Communications Inc cut its full-year sales and core earnings forecasts on Wednesday, as the Canadian company's revenue from sale of additional data packages took a hit from customers switching to its new unlimited data plans. It expects the revenue decline from customers shifting to the unlimited plans to be spread over four to five quarters, compared with its earlier expectation of six to eight quarters. The company's unlimited data plan, Rogers Infinite, launched late in the second quarter, has about 1 million subscribers.
(Bloomberg) -- Rogers Communications Inc. shares fell the most in almost four years after cutting forecasts for revenue and capital spending and as third-quarter earnings missed analysts’ estimates.The Toronto-based telecommunications company fell 5.6% to C$62.68 at 9:58 a.m. trading in Toronto, the biggest intraday decline since Jan. 27, 2016, according to data compiled by Bloomberg. Shares of Rogers’ rivals BCE Inc. Telus Corp. and Shaw Communications Inc. also fell.Rogers cited accelerated demand for new unlimited mobile data plans for cutting annual forecasts on key financial measures Wednesday in its earnings statement. Revenue for 2019 is now forecast to range between a 1% decrease and a 1% increase, down from previous guidance of a 3% to 5% gain. Capital expenditures are expected to be C$2.75 billion ($2.1 billion) to C$2.85 billion for the year, from as high as C$3.05 billion.“The downward adjustment primarily reflects faster-than-expected adoption of our new Rogers Infinite unlimited data plans and the related reduction in overage revenue, lower wireless equipment revenue resulting from the highly competitive environment, and certain efficiencies recognized this year on capital expenditures,” Rogers said.The company also cut its forecasts for adjusted earnings and free cash flow.“This impact comes faster and at a greater impact than even we had cautiously expected, and is apt to linger until 2021 as customers continue to migrate to the new plans,” analysts Adam Ilkowitz and Michael Rollins of Citigroup Global Markets said in a note to clients.Rogers posted C$593 million in net income, or C$1.14 a share, compared with C$594 million, or C$1.15 a year earlier. Adjusted earnings of C$1.19 a share missed the C$1.31 estimate of analysts surveyed by Bloomberg.Canadian telecom companies also face new political pressure, with the latest federal election campaign targeting the wireless providers for their data plans. Prime Minister Justin Trudeau, whose Liberal Party was re-elected Monday with a minority government, pledged to cut wireless services costs by 25% within four years.The Canadian Wireless Telecommunications Association said that competition is already creating value and lowering data prices.“With the vigorous competition among wireless carriers, the cost of wireless data in Canada is already declining significantly,” the association said in an emailed statement. “Today, Canadians in every region of the country can get unlimited data plans starting from C$50-C$75 a month. This is a significant decline in the price of data from just a year ago.”(Updates with share performance in first two paragraphs)To contact the reporters on this story: Doug Alexander in Toronto at email@example.com;Divya Balji in Toronto at firstname.lastname@example.orgTo contact the editor responsible for this story: David Scanlan at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Rogers Communication (RCI) delivered earnings and revenue surprises of -9.00% and -2.58%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
It expects the revenue decline from customers shifting to the unlimited plans to be spread over four to five quarters, compared with its earlier expectation of six to eight quarters. The company's unlimited data plan, Rogers Infinite, launched late in the second quarter, has about 1 million subscribers.
Accelerated adoption of Rogers Infinite™ unlimited data plans Attracted approximately 1 million wireless subscribers to Rogers Infinite™ unlimited data plansCustomers adopting.
January 2, 2020 payment date following December 11, 2019 record date Quarterly dividend of 50 cents per share declared by Board TORONTO, Oct. 23, 2019 -- Rogers.
NEW YORK, NY / ACCESSWIRE / October 23, 2019 / Rogers Communications, Inc. (NYSE: RCI.B ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 23, 2019 at ...
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Cubic Telecom, a leading connectivity management software provider for the automotive and IoT industries, and Rogers Communications, the largest provider of wireless communications services in Canada, today announced a collaboration to provide a connected car solution for Canadians.
– Eight-part investigative podcast explores Rob Ford’s rise to power and its surprising connection to global politics and media today – – Year 2 of Frequency Podcast Network.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
Rogers Communications is introducing Rogers Pro On-the-Go™, a new personalized retail service that makes buying a device more convenient and easy. Within hours of ordering, a connected solutions pro will meet a customer at their time and location of choice with their device and set it up based on their preferences. Launching first with phones, and to current Rogers wireless customers in the GTA, Rogers Pro On-the-Go will save customers valuable time by bringing the store directly to their door, all at no extra cost.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Rogers Communications Inc. Toronto, October 09, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Rogers Communications Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Rogers Communications announced today it will open a new B.C. customer solution centre in Kelowna in the summer of 2020. The new centre will inject 350 new high-quality jobs, which will grow to 500 over time, into the local economy and handle roughly one million Rogers and Fido customer interactions each year. "Our centres play a vital role in our customers’ experience, and we’re pleased to add 350 new team members to serve our customers across Canada,” said Eric Agius, Senior Vice-President Customer Care, Rogers Communications.
Rogers Communications Inc. plans to release its third quarter 2019 financial results on Wednesday, October 23, 2019 before North American financial markets open. Alternatively, the teleconference can be accessed by dialing 416-915-3239 (1-800-319-4610 toll free for North America) at least ten minutes prior to the scheduled start time and requesting access to Rogers’ third quarter 2019 results teleconference. In addition, a telephonic re-broadcast will be available for two weeks by dialing 604-638-9010 (1-800-319-6413 toll free for North America) and providing the access code 3624.