Report
Matthew Dolgin
EUR 100.00 For Business Accounts Only

Rogers Has Top-Line Networks but Is up Against More Formidable Wireless and Wireline Competition

Narrow-moat Rogers added to its string of excellent quarters during the third quarter, highlighted by strong wireless subscriber additions and impressive EBITDA margin expansion. Maintaining performance like this would make our CAD 57 fair value estimate look too low, but we fear this may be closer to a pinnacle rather than a sustainable pace for Rogers. We expect subscriber additions to decline a bit after 2018, and we are concerned by the level of competition Rogers is up against. While we wil...
Underlying
Rogers Communications Inc. Class B

Rogers Communications is a holding company operating as a communications and media company. Co. has four segments: Wireless, which provides wireless telecommunications operations; Cable, which provides cable telecommunications, including internet, television, and telephony services; Business Solutions, which provides network connectivity through its fibre network and data centre assets to support voice, data, networking, hosting, and cloud-based services for businesses, governments, and other telecommunications providers; and Media, which consist of media properties, including television and radio broadcasting, shopping, publishing, sports media and entertainment, and digital media.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Dolgin

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