Economy

Rogers boosts subscribers, hikes forecast as profit surges

Rogers boosts subscribers, hikes forecast as profit surges”

The company has a market cap of $27.33 billion, a P/E ratio of 32.10 and a beta of 0.86. Royal Bank Of Canada is the second biggest holder with 32 million shares now valued at 1.51 B million whilst Beutel, Goodman & Company Ltd. has 17 million shares valued at 780.29 million. Third-quarter revenue increased 3% largely driven by Wireless service revenue growth of 7%.

Several other research analysts also recently commented on RCI.

Profit more than doubled to $467-million, but the surge was due in part to a favourable comparison to the same time a year ago, when the company said it would record a $140-million writedown as it shut down its online streaming service Shomi, a joint venture with Shaw Communications Inc. Barclays PLC set a $40.00 price objective on shares of Rogers Communication and gave the company a hold rating in a research report on Friday, October 14th.

Rogers Communication, Inc. has a 1-year low of $37.03 and a 1-year high of $53.98. Rogers Communication, Inc. The company's 50 day moving average price is $52.29 and its 200-day moving average price is $49.02.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd.

Its rate of customer turnover, known as churn, was down 10 basis points to 1.16 per cent while average revenue per user (ARPU) increased to $63.78 per month, up $1.48 compared to the same period in 2016. Zacks Investment Research cut shares of Rogers Communication from a "buy" rating to a "hold" rating in a research note on Friday, September 22nd.

At the moment 17 analysts are watching Rogers Communication, Inc. Rogers Communication presently has an average rating of "Buy" and a consensus price target of $61.75. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and global copyright and trademark law. If you are viewing this piece of content on another site, it was stolen and republished in violation of US and global copyright legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/19/rogers-communication-inc-rci-shares-sold-by-bank-of-nova-scotia.html. The company plans to introduce an improved TV product next year and has been heavily promoting its internet product in the meantime in a bid to win residential customers away from its main rival BCE Inc., which is investing in upgraded fibre-optic networks to increase its own speeds. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. The Company operates through four segments: Wireless, Cable, Business Solutions and Media. Our team delivered on all key operating and financial metrics in our largest segment, Wireless.



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