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Rogers Communications (TSX:RCIa) Inc., a leading player in cable and other pay television services with a market capitalization of $15.67 billion, has filed its annual report to shareholders. The report was submitted in accordance with the Securities Exchange Act of 1934 and was signed by Marisa Wyse, the company’s Chief Legal Officer and Corporate Secretary, on Wednesday. According to InvestingPro analysis, the company currently appears undervalued, with a GOOD overall financial health rating.
Based in Toronto, Ontario, Rogers Communications is listed on the United States Securities and Exchange Commission with the file number 001-10805. The company, which previously operated under the name Rogers (NYSE:ROG) Cablesystems Inc., has its principal executive offices located at 333 Bloor Street East, 10th Floor, in Toronto. The company generated revenue of $14.3 billion in the last twelve months, with a healthy EBITDA of $6.4 billion.
The filing, categorized as a Form 6-K, indicates that Rogers Communications will continue to file annual reports under the cover of Form 40-F, which is used by certain Canadian issuers of securities in the U.S. This form is utilized instead of Form 20-F, which is generally reserved for foreign private issuers.
The annual report provides shareholders with a comprehensive overview of the company’s operations and financial performance. While specific details of the report’s contents were not disclosed in the filing, such documents typically include the company’s audited financial statements, a review of the business’s performance over the past year, and insights into its strategy and market position.
Investors and stakeholders in Rogers Communications can access the report to gain a better understanding of the company’s financial health and strategic direction. The filing ensures transparency and compliance with regulatory requirements, underscoring the company’s commitment to good corporate governance.
This news is based on the latest SEC filing by Rogers Communications Inc. and is intended to provide shareholders and the investment community with the key facts regarding the company’s annual report submission. Investors should note that Rogers offers a dividend yield of 4.93% and is scheduled to report its next earnings on April 23, 2025. For deeper insights into Rogers Communications’ financial health and growth prospects, including exclusive ProTips and comprehensive valuation metrics, visit InvestingPro, where you’ll find detailed analysis in our Pro Research Report.
In other recent news, Rogers Communications announced its year-end financial results for the period ending December 31, 2024, as part of its routine reporting obligations. The company has filed its annual reports under Form 40-F with the U.S. Securities and Exchange Commission, ensuring transparency and compliance with U.S. securities laws. Additionally, Rogers Communications updated its service revenue guidance for the fourth quarter of 2024, with further insights expected during a teleconference scheduled for January 30, 2025. In a notable development, BofA Securities downgraded Rogers Communications’ stock from Buy to Neutral, citing concerns about the company’s exposure to potential government policy changes on immigration and uncertainties surrounding its investments in sports assets. The firm also lowered its price target from C$65 to C$55, reflecting market uncertainties and Rogers’ elevated leverage. Analysts from BofA Securities highlighted that the benefits from Rogers’ merger with Shaw are now largely reflected in margin results, suggesting limited potential for further margin growth. Investors are keeping a close eye on these developments to assess Rogers Communications’ market position and financial stability amidst a competitive telecom landscape.
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