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Rogers Communications Inc.

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Rogers Communications reported mixed financial results in the second quarter of 2016, wherein the bottom line missed the Zacks Consensus Estimate but the top line surpassed the same. Stiff wireless and cable competition are potent headwinds. Its Media segment is affected by continued softness in the advertising market. Also, Rogers Communications is persistently losing viewers to video streaming service providers like Netflix. The company lost 23,000 video subscribers in the second quarter. Moreover, fierce wireless competition may drag margin downwards going ahead. Nonetheless, the company’s increasing momentum in wireless and high-speed Internet bode well.

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