Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Rogers Communications Inc.
  6. News
  7. Summary
    RCI.B   CA7751092007

ROGERS COMMUNICATIONS INC.

(RCI.B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Toronto market scales record high on rotation into technology

10/18/2021 | 05:09pm EST

(Adds investor quotes and details throughout, updates prices)

* TSX ends up 57.27 points, or 0.3%, at 20,985.37

* Technology gains 1.1%; industrials end 0.7% higher

* Shopify Inc advances 2.9%

* Denison Mines Corp jumps 12.8%

TORONTO, Oct 18 (Reuters) - Canada's main stock index climbed to a record high on Monday as investors scooped up high-flying technology companies, switching out of more defensive stocks such as utilities and telecommunications.

The Toronto Stock Exchange's S&P/TSX composite index ended up 57.27 points, or 0.3%, at 20,985.37, a record closing high.

The S&P 500 and the Nasdaq Composite also closed higher as investors appeared optimistic about the third-quarter earnings season.

There is "a little bit of rotation back to some of the secular growth winners," said Mike Archibald, a portfolio manager at AGF Investments.

"Shopify, Constellation are both having a good day. That's moving the IT (information technology) space, which is the big driver of the market."

Shares of cloud-based commerce platform company Shopify Inc , which has the largest market capitalization on the TSX, rose 2.9%, while Constellation Software Inc was up 2.7%.

Information technology ended up 1.1%, while industrials climbed 0.7% and the heavily-weighed financial services group ended up 0.2%.

After snapping a seven-month winning streak in September, the Canadian equity index has gained 4.6% so far this month, aided by strength in commodity prices.

Energy shares gave back some recent gains on Monday, declining 1.2%. Utilities were down 0.2%, while Rogers Communications Inc and BCE Inc, two of Canada's biggest telecom companies, fell 0.5% and 0.4% respectively.

Some of the Toronto market's biggest gainers were uranium producers, with Cameco Corp advancing 5.9% and Denison Mines Corp jumping 12.8%. (Reporting by Fergal Smith; Additional reporting by Amal S in Bengaluru; Editing by Sandra Maler)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BCE INC. -0.73% 65.69 Delayed Quote.21.57%
CAMECO CORPORATION -0.54% 29.44 Delayed Quote.65.40%
CONSTELLATION SOFTWARE INC. -1.47% 2194.99 Delayed Quote.34.78%
ROGERS COMMUNICATIONS INC. -0.31% 58.64 Delayed Quote.-1.22%
All news about ROGERS COMMUNICATIONS INC.
02:05pFitch Maintains Rating Watch Negative on Rogers
MT
01:01pS&P Rates Rogers' Proposed Subordinated Notes; Rogers' Ratings Remain on CreditWatch
MT
12/03ROGERS COMMUNICATIONS : Robert Dépatie joins Rogers Communications as President and COO, H..
PU
12/03Dual-Class Share Structure Issues In The Spotlight In Rogers Battle
AQ
12/02Rogers hires former Videotron boss to head home and business division
AQ
12/02Rogers Communications Inc. Appoints Rogers Communications as President and Chief Operat..
CI
12/01Dual-class Share Structure Issues In The Spotlight In Rogers Battle
AQ
12/01RBC Capital Markets 2020 Canadian FEW Portfolio -- Maintaining Market Weight Position i..
MT
12/01RBC Capital Markets on its Canadian FEW Portfolio -- Additions And Deletions
MT
11/29ROGERS COMMUNICATIONS : Fido Celebrates 25 Years
PU
More news
Analyst Recommendations on ROGERS COMMUNICATIONS INC.
More recommendations
Financials
Sales 2021 14 593 M 11 534 M 11 534 M
Net income 2021 1 613 M 1 275 M 1 275 M
Net Debt 2021 20 011 M 15 816 M 15 816 M
P/E ratio 2021 18,0x
Yield 2021 3,41%
Capitalization 29 827 M 23 588 M 23 574 M
EV / Sales 2021 3,42x
EV / Sales 2022 3,10x
Nbr of Employees 23 500
Free-Float 69,6%
Chart ROGERS COMMUNICATIONS INC.
Duration : Period :
Rogers Communications Inc. Technical Analysis Chart | RCI.B | CA7751092007 | MarketScreener
Technical analysis trends ROGERS COMMUNICATIONS INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 58,64 CAD
Average target price 70,47 CAD
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Anthony Staffieri President & Chief Executive Officer
Paulina Molnar CFO, Senior VP-Risk Management & Controller
Edward S. Rogers Chairman
Jorge Capelas Fernandes Chief Technology & Information Officer
Robert DÚpatie Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ROGERS COMMUNICATIONS INC.-1.22%23 653
AT&T INC.-19.75%164 814
T-MOBILE US-16.37%146 327
SOFTBANK GROUP CORP.-31.83%82 902
KDDI CORPORATION9.13%66 235
AMÉRICA MÓVIL, S.A.B. DE C.V.34.99%60 130