Rogers Communications
About: Rogers Communications is the largest wireless service provider in Canada, with its more than 11 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about 35% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.
Employees: 26,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
43% more call options, than puts
Call options by funds: $269M | Put options by funds: $188M
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
0.5% less ownership
Funds ownership: 57.33% [Q1] → 56.84% (-0.5%) [Q2]
7% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 108
3% less funds holding
Funds holding: 275 [Q1] → 268 (-7) [Q2]
10% less capital invested
Capital invested by funds: $9.96B [Q1] → $8.98B (-$981M) [Q2]
19% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 37
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
BMO Capital Tim Casey 0% 1-year accuracy 0 / 1 met price target | 79%upside $70 | Outperform Maintained | 19 Sept 2024 |
Financial journalist opinion
Based on 9 articles about RCI published over the past 30 days
