RCI

Rogers Communications Inc. - Ordinary Shares - Class B

TMT


Presented:12/13/2023
Price:$46.28
Cap:$24.46B
Current Price:$38.24
Cap:$20.37B

Presented

Date12/13/2023
Price$46.28
Market Cap$24.46B
Ent Value$54.38B
P/E Ratio30.79x
Book Value$15.35
Div Yield3.18%
Shares O/S528.57M
Ave Daily Vol412,509
Short IntN/A

Current

Price$38.24
Market Cap$20.37B
Rogers Communications, Inc. engages in the provision of wireless communications services. It operates through the following segments: Wireless, Cable, and Media. The Wireless segment refers to wireless telecommunications operations for Canadian consumers and businesses. The Cable segment includes Internet, television, telephony, and smart home monitoring services. The Media segment consists of a portfolio of media properties such as sports media and entertainment; television and radio broadcasting; specialty channels; multi-platform shopping; and digital media. The company was founded by Edward Samuel Rogers, Jr. in 1960 and is headquartered in Toronto, Canada.

Publicly traded companies mentioned herein: Rogers Communications (RCI), T-Mobile US Inc (TMUS)

Highlights

The presenter is long shares of Rogers Communications (RCI) based on the company's resilience amidst perceived competition fears in the Canadian wireless sector. The presenter initially purchased shares around the current valuation and attributes the stock’s decline in July and September to concerns about increased competition. However, this hasn't led to any notable deterioration in RCI's performance, as evidenced by back-to-school data and he sees FCF growing faster than expectations for 25%-40% upside in the stock.

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Idea Discussion

Commentor 1 - 2 weeks ago

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