Rogers Communications Inc – Attractively Valued But Challenges Remain

Rogers Communications IncRogers Communications Inc (RCI) (RCI.B.TO) is a diversified communications and media company. It is Canada’s largest provider of wireless voice and data communications services and also one of the leading providers of cable television, high-speed internet and telephony services. The company is a component of S&P/TSX 60 and has paid dividends since 2000. A dividend grower for 9 years, the company boasts a five-year dividend growth rate of 11.7%. Rogers has been facing challenges of flatlining revenues and declining earnings. To counter the trend, the company is focusing its efforts on growing its media business segment and attempting to make it more profitable. The analysts and investors remain cautious and skeptical and due to this reason the stock price remains subdued.

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