Rogers Investors Still Await Shaw Payoff But Analysts Say Rebound Will Come
- Company’s shares are down 16% YTD, worst among Canada telecoms
- Soft cable results, elevated bond yields have depressed shares
A Rogers store in Vancouver, British Columbia, Canada. Rogers Communications Inc. investors were supposed to reap the benefits when the company’s megadeal with Shaw Communications Inc. finally closed a year ago. They’re still waiting.
Photographer: Taehoon Kim/BloombergThis article is for subscribers only.
Rogers Communications Inc. investors were supposed to reap the benefits when the company’s megadeal with Shaw Communications Inc. finally closed a year ago. They’re still waiting.
Shares of Canada’s largest wireless company have tumbled 16% so far this year — the worst of the country’s five major telecom stocks and a full 20 percentage points of underperformance compared with the S&P/TSX Composite Index. But the stock is so beaten up that some analysts believe it’s time to dive in.