|Bid||44.97 x 800|
|Ask||48.32 x 800|
|Day's range||47.81 - 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.
(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?
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.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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.
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.
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.
Today, Rogers announced a reciprocal agreement with AT&T to extend LTE-M coverage for IoT customers of both companies, throughout Canada and the United States. Rogers IoT customers will now have the ability to roam on the AT&T LTE-M network while in the US and AT&T customers will be able to roam across the Rogers LTE-M network in Canada.
– Hosts Ron MacLean and Tara Slone to visit 25 Canadian communities throughout the 2019-20 NHL season –– Season 6 premieres Oct. 6 in Halton Hills, ON, featuring Jets vs..
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 announced that its IPTV service, Ignite TVTM, is now available across New Brunswick. This innovative TV service deeply integrates the best content available and revolutionizes the entertainment experience. Customers can search for their favourite content and navigate the platform in both French and English using their voice.
Rogers Communications today said it is very disappointed by the CRTC’s decision to dramatically reduce the aggregated wholesale rates that third-party Internet resellers pay to access broadband networks in Canada. The final rates do not recognize the true cost of building and expanding Canada’s world-class broadband networks and will certainly impact Rogers future network investments. As a result of the CRTC decision, Rogers expects to record a charge of approximately $140 million in the current quarter to account for the retroactive impact of the lower rates.
Today, Fido announced that it is eliminating data overage fees so customers can go all out, without going over, with the launch of Data Overage Protection, a feature that will be included in new Fido Data, Talk and Text plans starting today. “We know that data overage fees are a major concern for some customers, and that many hold back from using the full data included in their plans,” said Nancy Audette, Vice President, Fido. The new plans build on features Fido has introduced including 5 Extra Hours of Data, giving customers access to one free hour of data, five times a month, and Fido XTRA, offering Fido postpaid mobile and internet customers new perks every Thursday.
To tweet this release: https://bit.ly/2YmHrNB TORONTO, Aug. 02, 2019 -- OMNI Television is part of the Canadian Debate Production Partnership (CDPP) and looks forward to.
Rogers Communications announced today the appointment of Jordan Banks as President of Rogers Media, effective September 9, 2019. Rick Brace, who has served as President of Rogers Media since 2015, will retire from the company at the end of the year. Banks has more than 20 years of experience in the media, sports, and technology sectors. A visionary, digital leader, he brings deep global content experience and a proven track record of driving growth.
“We are committed to bringing wireless connectivity to rural, remote and northern parts of Canada,” said Rick Sellers, President of British Columbia, Rogers Communications. Rogers has worked with the the Nisg̱a’a Nation to construct five network sites to provide coverage to the villages of Gitlax̱t'aamiks, Gitwinksihlkw, Laxg̱galts’ap, and Ging̱olx. Through this unique collaboration, the Nisg̱a’a Nation constructed and funded the new sites, which are operated by Rogers on Canada’s most trusted network.