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Rogers Communications Inc Add to portfolio

TSP:RCI.B, Jan 22, 04:29 UTC

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Rogers Communications Inc misses expectations

RCI.B

Rogers added 131,000 postpaid wireless subscribers in the fourth quarter of 2019, and on the earnings call with analysts chief executive Joe Natale said he was happy about a faster-than-anticipated uptake of the Rogers Infinite unlimited data plans. But with 1.4 million people now on those unlimited plans, Rogers reported a one per cent decline in services revenue, largely because they’re collecting less in data-overage fees. In 2019 Rogers had net income of $2.04 billion on overall revenues of $15.07 billion. For 2020, Rogers chief financial officer Tony Staffieri said they’re expecting both revenue and earnings to be flat overall. Natale said that as Rogers is building out its 5G network it needs regulatory certainty, and if they’re facing “punitive regulation” it could stall capital investment, especially on wireless service in rural areas. In his mandate letter at the end of 2019, Prime Minister Justin Trudeau directed Innovation, Science and Industry Minister Navdeep Bains to achieve a 25 per cent reduction in cellphone costs for consumers, or the government should be more heavy-handed with implementing MVNOs.

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ottawacitizen.com
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Rogers Communications Initiates FY20 Revenue Growth Guidance - Quick Facts

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Rogers Communications Initiates FY20 Revenue Growth Guidance - Quick Facts. While reporting financial results for the fourth quarter on Wednesday, Canadian technology and media company Rogers Communications Inc. (RCI,RCI.TO) provided total service revenue growth guidance for the full-year 2020.For fiscal 2020, the company now expects total service revenue to range between a decline of 2 percent and a growth of 2 percent from C$12.97 billion revenues reported in fiscal 2019. >.

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rttnews.com
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Rogers Communications fourth-quarter revenue falls

RCI.B

Jan 22 (Reuters) - Canada's Rogers Communications Inc said on Wednesday its quarterly revenue fell, as more customers continued to shift to its unlimited data plans leading to a fall in its revenues from charging customers for additional data usage. The telecommunication operator's revenue fell marginally to C$3.95 billion ($3.02 billion) in the fourth quarter ended Dec. 31. Net income fell to C$468 million, or 92 Canadian cents per share, from C$502 million, or 97 Canadian cents per share, a year earlier. ($1 = 1.3061 Canadian dollars) (Reporting by Ambhini Aishwarya in Bengaluru; Editing by Vinay Dwivedi).

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reuters.com
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Rogers Communications Declares 50 Cents per Share Quarterly Dividend Toronto Stock Exchange:RCI-A

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January 22, 2020 07:00 ET | Source:Rogers Communications, Inc. April 1, 2020 payment date following March 10, 2020 record date. TORONTO, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“Rogers”) announced that its Board of Directors declared a quarterly dividend totaling 50 cents per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares. Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com. For further information:.

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Rogers Communications Inc. (NYSE:RCI) Shares Purchased by State Street Corp – Slater Sentinel

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State Street Corp grew its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 24.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. Royal Bank of Canada raised shares of Rogers Communications from a “sector perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Thursday, October 24th. The stock has a market capitalization of $25.38 billion, a P/E ratio of 16.30, a P/E/G ratio of 3.78 and a beta of 0.50. During the same period in the previous year, the firm posted $1.21 earnings per share. As a group, research analysts predict that Rogers Communications Inc. will post 3.17 EPS for the current fiscal year.

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slatersentinel.com
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Rogers Communications Inc. (NYSE:RCI) Forecasted to Earn Q4 2019 Earnings of $0.78 Per Share – Slater Sentinel

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Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) – Stock analysts at National Bank Financial issued their Q4 2019 earnings per share estimates for shares of Rogers Communications in a research report issued on Thursday, January 9th, Zacks Investment Research reports. The Wireless communications provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.19. Finally, Royal Bank of Canada raised Rogers Communications from a “sector perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Thursday, October 24th. Finally, Northern Trust Corp grew its position in Rogers Communications by 2.9% during the 2nd quarter. Northern Trust Corp now owns 474,652 shares of the Wireless communications provider’s stock worth $25,403,000 after acquiring an additional 13,558 shares during the last quarter.

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slatersentinel.com
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Monday, January 20


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Short Interest in Rogers Communications Inc. (NYSE:RCI) Drops By 51.9% – Riverton Roll

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Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) saw a significant decline in short interest during the month of December. As of December 13th, there was short interest totalling 3,440,000 shares, a decline of 51.9% from the November 28th total of 7,150,000 shares. Based on an average trading volume of 507,800 shares, the days-to-cover ratio is currently 6.8 days. Parametric Portfolio Associates LLC now owns 233,065 shares of the Wireless communications provider’s stock worth $11,357,000 after acquiring an additional 4,128 shares during the last quarter. Royal Bank of Canada upgraded shares of Rogers Communications from a “sector perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Thursday, October 24th.

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rivertonroll.com
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Rogers Communications (RCI) Set to Announce Quarterly Earnings on Wednesday – Riverton Roll

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Rogers Communications (NYSE:RCI) (TSE:RCI.B) will be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Rogers Communications has set its FY 2019 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link. The Wireless communications provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.19. The firm has a market capitalization of $25.40 billion, a PE ratio of 16.40, a P/E/G ratio of 3.79 and a beta of 0.50.

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rivertonroll.com
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Sunday, January 19


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Arden Trust Co Cuts Position in Rogers Communications Inc. (NYSE:RCI) – Slater Sentinel

RCI.B

Beutel Goodman & Co Ltd. now owns 40,532,676 shares of the Wireless communications provider’s stock worth $2,174,759,000 after acquiring an additional 20,241,073 shares in the last quarter. The Wireless communications provider reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.19. During the same quarter in the prior year, the company earned $1.21 earnings per share. As a group, sell-side analysts forecast that Rogers Communications Inc. will post 3.17 EPS for the current fiscal year. Royal Bank of Canada raised Rogers Communications from a “sector perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Thursday, October 24th.

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slatersentinel.com
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Friday, January 17


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$3.01 Billion in Sales Expected for Rogers Communications Inc. (NYSE:RCI) This Quarter – Riverton Roll

RCI.B

Rogers Communications reported sales of $2.98 billion in the same quarter last year, which indicates a positive year over year growth rate of 1%. According to Zacks, analysts expect that Rogers Communications will report full-year sales of $11.46 billion for the current financial year, with estimates ranging from $11.39 billion to $11.50 billion. For the next financial year, analysts anticipate that the business will post sales of $11.58 billion, with estimates ranging from $11.40 billion to $11.72 billion. The Wireless communications provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.19. Royal Bank of Canada raised shares of Rogers Communications from a “sector perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Thursday, October 24th.

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rivertonroll.com
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