While revenues, EBITDA and operating income were in line with our estimates, adjusted net margin was below our estimate, primarily due to a higher-than-expected income tax rate during the quarter. Going forward, we anticipate robust growth in the Wireless segment to drive total revenues and as the results were broadly in-line with our estimates we maintain our current BUY rating for the common stock....

Rogers Communications Inc.’s (Rogers) common stock has depreciated significantly since our last update report, as 4Q 08 results fell below analyst’s estimates for the period and general weakness in equity markets. On 18 February 2009, the company announced a stock dividend of C$0.29 on 18 February, 2009 (ex- dividend date of 04 March 2009), based on which we have adjusted our…

CLICK VIEW REPORT TO READ FREE REPORT

In 3Q 08, Rogers demonstrated robust subscriber-base growth, re-affirming its stronghold in the Canadian wireless telecom market. In line with increasing subscriber-base, higher data revenues were also responsible for growth in Wireless revenues. Data revenues increased mainly due to the introduction of the Apple iPhone 3G in Canada under the Rogers Wireless and Fido brands. During the…