Rogers Delivers Impressive Wireless Growth Despite CEO Change; Shares Remain Overvalued
Rogers Communications reported solid third-quarter results, with total revenue up 3% year over year on stable margins. The firm released earnings early to accompany the announcement of a CEO change. Guy Laurence, who joined Rogers in 2013, has stepped down effective immediately and will be replaced by former Telus chief Joseph Natale once Natale’s non-compete clause with Telus expires. Alan Horn, chairman of the board, will serve as the interim chief. Natale worked at Telus for more than a decad...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.
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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.
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