Rogers Communications (RCI) - Bull of the Day

By Zacks.com,  October 05, 2012, 01:00:01 AM EDT

We are upgrading our recommendation on Rogers Communications, Inc. ( RCI ) to Outperform based on its current valuation, which is trading at significantly low multiples compared to the industry average and the S&P 500, with respect to several valuation metrics. We believe massive expansion of LTE networks and an attractive dividend yield will also boost the stock price in the near future.

As of now, Rogers expanded its super-fast LTE network to 60% of Canada. Management has aimed to achieve a 100% foothold in the country by the end of 2013. Deployment of LTE network has resulted in a 80% year-over-year increase of Internet usage by its subscribers.

Growing demand for mobile data and huge activation numbers of the latest smartphones will pave the way for Rogers' future growth. The strategic decision taken by management to diversify in the mobile banking segment will also open up an additional revenue stream for the company.
 
ROGERS COMM CLB (RCI): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: RCI



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