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RCI - Rogers Communications: Improving Outlook And Progress On Shaw Integration (Upgrade)
Rogers Communication Inc.
2024-07-02 23:42:30 ET
Summary
Rogers Communications is a major telecommunications company in Canada with a large customer base and a dominant market position.
RCI operates in a regulated industry, which limits competition but also requires investment in underserved areas.
The combination of business improvements, an improving outlook, and a 20% drop in shares indicates the worst may be behind the company.
APRU growth, margin expansion, and higher than expected synergies being realized are reasons to be bullish, but the capex and leverage concerns persist.