Rogers Communications Inc. released Q1 2019 on April 18, 2019. Traders sold-off the stock in reaction to the release. Rogers is now testing the major support zone near the 200-day moving average. Rogers generated substantial cash flow from operating activities of $998 million this quarter, up 13%, and free cash flow of $405 million this quarter, down 8%. I rate the stock a buy and this is a good entry point.
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2019 and 2018