Back to top

Analyst Blog

Recently, Rogers Communications Inc. (RCI - Analyst Report), a leading Canadian telecom and cable TV operator, has assigned Guy Laurence as the next president and Chief Executive Officer (CEO) effective Dec 2, 2013. Guy Laurence aged 51, will replace Nadir Mohamed who plans to quit later this year.

During Nadir’s 13 years tenure, the company witnessed consistent growth with both revenues and earnings per share (EPS) growing at a three-year (2009-2012) compounded annual growth rate (CAGR) of 2.6% and 12%, respectively.

Management believes that Guy’s 30 years of experience in telecom, pay-TV and media will certainly benefit Rogers Communications in the long run. Guy headed Vodafone Group Plc.’s (VOD - Analyst Report) Netherlands division from 2000 – 2005, before he was shifted to the company’s U.K. division. He also held important positions in many corporate firms which includes MGM studios.

In the recently concluded second quarter of 2013, Rogers posted mixed financial results with the bottom line missing the Zacks Consensus Estimate whereas the top line surpassed the same.

At present, Rogers has expanded its superfast LTE network to 60% of Canada and expects to achieve a 100% foothold by late 2013. Hence, we believe that the appointment of the new CEO will be crucial to the company’s future.

Currently, Rogers Communications has a short-term Zacks Rank #3 (Hold).

Other Stocks Outlook in Related Industries    

Other stocks in this sector like TELUS Corp. (TU - Analyst Report) and BCE Inc. (BCE - Analyst Report) are set to gain from the extensive/increasing LTE deployment in the upcoming days. Currently, both TELUS Corporation and BCE Inc. have a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SIGNET JEWE… SIG 116.37 +7.72%
CHYRONHEGO… CHYR 2.72 +5.84%
US SILICA H… SLCA 70.72 +4.00%
MALLINCKROD… MNK 80.11 +2.32%
RF MICRO DE… RFMD 11.76 +2.31%