AllAnalyst Report
logoMorningstarNovember 29, 2022

Rogers Communications Inc.: Shaw Posts Decent Fiscal Q4 but Can’t Quite Stem Sales Deterioration; Fate Depends on Rogers Merger

Symbols
RCI
Sector(s)
Communication Services
Rating
Current Price
$48.76
Fair Value
Economic Moat
Stewardship
Summary

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers' wireless business accounted for 60% of the company's total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about one fourth of total sales, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.

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Analyst Profile

Matthew Dolgin

Equity Analyst
Matthew Dolgin is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers companies in the technology sector.Before joining Morningstar in 2016, Dolgin was a compliance examiner for the National Futures Association.Dolgin holds a bachelor’s degree in kinesiology from Northern Illinois University, a master’s degree in business administration from the University of Notre Dame, and a juris doctor degree from the Illinois Institute of Technology’s Chicago-Kent College of Law. He holds the Chartered Financial Analyst® designation.