Rogers Communications Inc Shs -B- Non-Voting
RCI.B: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 24.00 | Rxskbr | Gfwcvxp |
Rogers Earnings: Continuing Strength in Wireless Drives Solid Results
We’re maintaining our CAD 78 fair value estimate following Rogers’ second-quarter earnings. Management continues to see strength in wireless while making progress in cable, though cable revenue continues to struggle. Overall, it was a solid quarter of continuing growth that doesn’t line up with the recent stock bearishness, in our opinion. We believe Rogers remains significantly undervalued.