Related posts
This Week’s Stock Picks & BNN Top Picks Summary: CME-Q, TSM-N and 21 Stock and 3 ETF Top Picks (May 03-09)Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)This summary was created by AI, based on 19 opinions in the last 12 months.
Experts have mixed opinions about Rogers Communications (RCI.B-T). While some are watching closely for a better pattern before buying, others see the benefits of the Shaw merger, including increased scale and synergies. The company has a strong presence in the wireless business and is expected to see steady growth. However, concerns about debt from the Shaw deal and lower dividend yield compared to peers are also mentioned.
Its earnings reported last week were in line with expectations although it missed on the media side. They have done their capital expenditures, have consolidated the SHAW assets and are a year ahead of schedule on cost savings. It trades at 6X operating cash flow and more of free cash flow will go to dividend payments. He is not really concerned about there now being 4 players in the wireless space since wireless continues to grow with usage and penetration. Buy 17 Hold 1 Sell 0
(Analysts’ price target is $71.44)Watching closely. Pattern not great at the moment (falling trend). Would wait if price rises to $60 before buying. Technical trends in favor.
Not sure all has been sorted out in the boardroom. Tends to be more levered than peers. Yield's not as high as BCE in terms of income.
About 60% of revenue is wireless (largest of its peers), 30% from internet and cable, 10% from media. Took on a material amount of debt, biggest knock against it despite recurring revenue. Technical outages, board succession issues.
Beginning to see benefits, synergies, and increased scale of Shaw merger. Sees more free cash coming, will help delever balance sheet. Wireless impressive in Q3. Merger will help them take bold steps in 10G in coaxial cable, can really help longer term. 10x 2025 and 16% EPS growth, cheaper than BCE and Telus. On risk/reward the name won't hurt you. Decent yield of 3.2%.
(Analysts’ price target is $76.30)Performing very well in wireless business. Will see benefits of Shaw deal soon. Trading at lower multiple than Telus. Better growth rate than peers. Expecting strong share price performance in 2024. Net subscribers up 18% YoY. Dividend strong for defensive investors looking for safety.
All telcos are down this year. The valuation has fallen so low that he's buying more shares. The pandemic showed the need to sustain and improve the networks. Rogers and their peers enjoy an oligopoly too.
BCE dividend is north of 7%, while Rogers is not that high. BCE has media assets. Tends to increase dividend every year, so it's a bit more geared to income. For the more conservative and income-focused investor.
They both share the sports teams in Toronto.
Rogers tends to be more focused on the cellular side. With Shaw acquisition, you should see more growth in the West. Cell ads will come. More competition. More growthy and volatile. If you made him pick, he'd choose this one now, as the Shaw acquisition will help grow the company.
Telcos in Canada are in a unique spot. Quebecor has really upped the competitive pressure, positive for the consumer but negative for BCE and Telus. Stay away from those two, and see how things shake out. Prefers RCI.B, with its ability to shave costs from Shaw, or QBR.B.
He targets $47 or 13% lower. It yields 3.7% that they can cover. But the market isn't excited, plus this is sensitive to interest rates. It's only slightly better than BCE. Maybe it's interesting at $41.
It has good penetration into the New Canadian population which is leading to explosive population growth. There has been a lot of noise over the SHAW acquisition but it looks like the integration of the acquisition is going well. It sits at an attractive valuation. Buy 15 Hold 3 Sell 1
(Analysts’ price target is $75.92)He owns BCE. RCI is sideways, and he likes sideways because you can trade within that range of $54-70.
He likes telcos, and Rogers offer the most upside in coming years. With the Shaw deal done, Rogers will start paying down debt and strengthen their balance sheet, increase cash flow and raise their dividend eventually. Likes their valuation and growth. The sector is out of favour, so shares are cheap.
(Analysts’ price target is $76.22)NPI has regulatory issues in Spain. A great stock that needs to be owned longer term by ESG investors. Not much EPS growth for the next couple of years, very expensive valuation.
Cheaper telecom. Synergies coming from Shaw. Nice dividend. Telcos will be facing more competition.
Risk/reward is good for both, so you can get in and do well, but Rogers is the lower-risk play.
Rogers Communications (B) is a Canadian stock, trading under the symbol RCI.B-T on the Toronto Stock Exchange (RCI.B-CT). It is usually referred to as TSX:RCI.B or RCI.B-T
In the last year, 11 stock analysts published opinions about RCI.B-T. 6 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rogers Communications (B).
Rogers Communications (B) was recommended as a Top Pick by on . Read the latest stock experts ratings for Rogers Communications (B).
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
11 stock analysts on Stockchase covered Rogers Communications (B) In the last year. It is a trending stock that is worth watching.
On 2024-05-16, Rogers Communications (B) (RCI.B-T) stock closed at a price of $54.27.
Impressed with execution. #1 in cable and wireless. 5G coast to coast. Stock's dropped along with the others, but forward guidance of 20% on free cashflow is fantastic. Valuation is around 9.5x forward free cashflow. Acquired Shaw, synergies have been realized, took on lots of debt but making strides to reduce it. Yield is 3.7%, very stable.
(Analysts’ price target is $69.97)