1010 ET - Given how much Rogers Communications shares have struggled, 1Q results are "no worse than expected," says TD Cowen's Vince Valentini. In a report, the analyst says the telco's stock, which is down 18% year-to-date, is trading at a discount to peers, as the company deals with an industry-wide decline in subscriber growth. "Given those factors, we call these results, and the confirmation of 2025 guidance, a relief," Valentini says. He points to the slight beats compared with TD estimates on revenue and Ebitda but notes they were still "very slightly" below consensus. Meanwhile key subscriber metrics came in mixed, but overall in line with expectations. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 10:10 ET (14:10 GMT)
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