Rogers Communications

Chatr is a Canadian mobile virtual network operator owned by Rogers Communications targeting entry-level customers. It is one of three wireless brands owned by Rogers Communications, including Rogers Wireless, and Fido Solutions. The provider launched its service in Toronto, Ottawa, Calgary, Edmonton, Vancouver, Quebec City, and Montréal under the name Chatr Wireless on July 28, 2010. The company re-branded to its current name in 2015. The carrier initially launched by limiting plan features to only specific regions of Rogers' network, dubbed "chatr zones". The company now offers coverage for most urban areas of Canada, and additional plans for certain cities.

Chatr

Fido Solutions is a Canadian cellular telephone service provider owned by Rogers Communications. Although Fido's parent company, Rogers Communications, also operates another cellular service Rogers Wireless, Fido remains a separate entity and retains its own retail chain, customer service call centres, network servers and CEO. Fido pioneered the concept of providing unlimited service in select Canadian cities. Fido was the first carrier in Canada to launch a GSM-based network and the first wireless service provider in North America to offer General Packet Radio Service on its network.

Fido Solutions

Rogers Communications, Inc. engages in the provision of wireless communications services. It operates through the following segments: Wireless, Cable, and Media. The Wireless segment refers to wireless telecommunications operations for Canadian consumers and businesses. The Cable segment includes Internet, television, telephony, and smart home monitoring services. The Media segment consists of a portfolio of media properties such as sports media and entertainment; television and radio broadcasting; specialty channels; multi-platform shopping; and digital media. The company was founded by Edward Samuel Rogers, Jr. in 1960 and is headquartered in Toronto, Canada.

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RCI's expanding portfolio and tech advancements bode well for investors. However, stiff competition and a decline in home phone subscribers are concerns.

Roger's Shares Fall 24% YTD: How Should Investors Play the Stock?

TORONTO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Rogers today announced its net-zero greenhouse gas (GHG) emissions targets have been approved by the globally recognized Science Based Targets initiative (SBTi).

Rogers Net-Zero Targets Approved by SBTi

Blackstone Group

Private equity firm Blackstone Inc is bidding C$7 billion ($5.03 billion) for a minority stake in telecom and media company Rogers Communications's cellphone infrastructure business, the Globe and Mail reported on Wednesday.

Blackstone nears $5 bln Rogers investment, the Globe and Mail reports

Rogers Communication (RCI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Rogers Communication (RCI) Loses -7.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Clipper Realty

Hanmi Financial

CLPR, HAFC and RCI made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 28, 2024.

Best Income Stocks to Buy for October 28th

Greenbrier Companies

Impinj

Travelzoo

CLPR, GBX, TZOO, RCI and PI have been added to the Zacks Rank #1 (Strong Buy) List on October 28, 2024.

New Strong Buy Stocks for October 28th

RCI's third-quarter 2024 results reflect revenue growth in Media businesses, driven by higher sports-related revenues.

Rogers Communications Q3 Earnings and Revenues Lag Estimates

Rogers Communications, Inc. (NYSE:RCI ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Paul Carpino - VP, IR Tony Staffieri - President & CEO Glenn Brandt - CFO Conference Call Participants Batya Levi - UBS Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Drew McReynolds - RBC Sebastiano Petti - J.P. Morgan David Barden - Bank of America Jerome Dubreuil - Desjardins Simon Flannery - Morgan Stanley Aravinda Galappatthige - Canaccord Genuity Operator This is the conference operator.

Rogers Communications, Inc. (RCI) Q3 2024 Earnings Call Transcript

Rogers Communication (RCI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Rogers Communication (RCI) a New Buy Stock

Although the revenue and EPS for Rogers Communication (RCI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Rogers Communication (RCI) Reports Q3 Earnings: What Key Metrics Have to Say

Rogers Communications (TSX:RCI.A) shares moved lower following a third quarter revenue miss driven by fewer-than-expected wireless subscriber additions. The Blue Jays baseball team owner reported earnings per share (EPS) of $1.42, topping estimates of $1.34, but revenue of $5.13 billion was short of the $5.17 billion expected.

Rogers announces significant financing deal as Q3 revenue misses estimates

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Here's Why Rogers Communication (RCI) is a Strong Value Stock

Rogers Communication (RCI) came out with quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.95 per share a year ago.

Rogers Communication (RCI) Q3 Earnings and Revenues Miss Estimates

Canada's Rogers Communications on Thursday missed market expectations for third-quarter wireless subscriber additions, hit by cautious spending on its mobile plans and stiff competition in the telecom space.

Canada's Rogers misses estimates for quarterly subscriber additions

More Canadians continue to choose Rogers Wireless and Internet than any other carrier in Canada Combined mobile phone and Internet net additions of 227,000 in Q3 and 502,000 for the year to date Q3 postpaid mobile phone net additions of 101,000; prepaid net additions of 93,000; retail Internet net additions of 33,000 Rogers has added industry-best 1.9 million mobile phone and Internet net additions over the past 11 quarters Continued disciplined loading, strong execution, efficiency gains, industry-leading financial performance, and industry-best margins Wireless service revenue up 2% and adjusted EBITDA up 5%; margin up 220 basis points to 66%; blended ARPU stable Cable revenue down 1%; adjusted EBITDA up 5%; margin up 330 basis points to 58% Free cash flow of $915 million, up 23% Rogers' network leadership continues Awarded Canada's fastest and most reliable Internet by Opensignal Awarded Canada's most reliable 5G network by umlaut and most reliable wireless network by Opensignal Delivered DOCSIS 4.0 modem technology with 4 Gbps download and 1 Gbps upload speeds - a global first Rogers announces transaction with a leading global financial investor that will materially reduce leverage with innovative $7 billion structured equity financing Now expecting leverage at year-end will be 3.7x Completion subject to finalizing definitive agreements Expected to close in the fourth quarter; proceeds will be used to pay down debt and further strengthen our balance sheet Company reaffirms 2024 outlook Total service revenue growth of 8% to 10%; adjusted EBITDA growth of 12% to 15%; capital expenditures of $3.8 billion to $4.0 billion; and free cash flow of $2.9 billion to $3.1 billion TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced its unaudited financial and operating results for the third quarter ended September 30, 2024. Consolidated Financial Highlights (In millions of Canadian dollars, except per share amounts, unaudited) Three months ended September 30   Nine months ended September 30   2024   2023   % Chg     2024   2023 % Chg                 Total revenue   5,129   5,092   1     15,123   13,973 8 Total service revenue   4,567   4,527   1     13,523   12,375 9 Adjusted EBITDA 1   2,545   2,411   6     7,084   6,252 13 Net income   526   (99 ) n/m     1,176   521 126 Adjusted net income 1   762   679   12     1,925   1,776 8                 Diluted earnings (loss) per share $ 0.98 $(0.20 ) n/m   $ 2.19 $0.97 126 Adjusted diluted earnings per share 1 $ 1.42 $1.27   12   $ 3.59 $3.37 7                 Cash provided by operating activities   1,893   1,754   8     4,545   3,842 18 Free cash flow 1   915   745   23     2,167   1,591 36 n/m - not meaningful __________________________ 1  Adjusted EBITDA is a total of segments measure.

Rogers Communications Reports Third Quarter 2024 Results

TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors (the “Board”) declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares. The declared Quarterly Dividend will be paid on January 3, 2025 to shareholders of record on December 9, 2024.

Rogers Communications Declares 50 Cents per Share Quarterly Dividend

Besides Wall Street's top -and-bottom-line estimates for Rogers Communication (RCI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Ahead of Rogers Communication (RCI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Rogers Communication (RCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Rogers Communication (RCI) Reports Next Week: Wall Street Expects Earnings Growth

Warner Bros Discovery Inc

RCI is expanding its Media portfolio with the launch of Warner Bros. Discovery's Content.

Rogers Communication to Launch Warner Bros. Discovery Content

TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Rogers Communications confirmed today it will be the proud home of Warner Bros. Discovery's suite of English-language U.S. lifestyle and factual brands starting January 1, 2025.

Rogers Confirms Plans to Launch Warner Bros. Discovery Brands in 2025

Why Rogers Communication (RCI) is a Top Value Stock for the Long-Term

Cable One

Liberty Global Ltd

Zacks Cable Television industry participants like RCI, LBTYA and CABO are benefiting from growing demand for high-speed Internet and increased media consumption amid cord-cutting.

3 Stocks to Watch From a Prospering Cable Television Industry

I maintain a strong buy rating on Rogers Communications with a price target of $52.00, reflecting a 29% upside from today's pricing. Strong Q1 earnings, early synergy savings, and disciplined pricing support Rogers' undervaluation and robust dividend payout. Rogers' 5G Home Internet and cost reductions enhance growth potential, with additional margin opportunities from ongoing efficiencies and reduced capital expenses.

Rogers Communications Continues To Execute

TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) plans to release its third quarter 2024 financial results on Thursday, October 24, 2024, before North American financial markets open. The results will be distributed by newswire and posted at investors.rogers.com. Rogers' management will host its quarterly teleconference with the investment community to discuss the results and outlook at 8:00 a.m. ET.

Rogers Communications 3Q24 Investment Community Teleconference October 24, 2024 at 8:00 a.m. ET

Comcast

TORONTO & PHILADELPHIA--(BUSINESS WIRE)--Rogers To Adopt Comcast's Industry-Leading Network Design Across Its Footprint.

News for Rogers Communications Stock (RCI)