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The 2021 NBA playoffs are almost here as the regular season is all set to come to an end. This year's NBA play-in tournament will begin on Tuesday, May 18, and four days later, the first round of NBA playoffs will begin.
There's an increased hype about the tournament this year as people continue to remain homebound amid increasing coronavirus cases. Before the playoffs begin, we've compiled a list of four stocks you might consider exploring.
Rogers Communications Inc. (TSX:RCI.A)
The largest wireless service provider in Canada, Rogers Communications Inc. (TSX:RCI.A) also has an internet and cable business segment. The consumption of both these services are expected to increase among sports enthusiasts.
Rogers hold a price-to-earnings (P/E) ratio of 19.2 and offers 16.2 per cent return on equity (ROE). Its current dividend yield is 3.2 per cent and distributes a quarterly dividend of C$ 0.5, as per TMX.
At market close on Friday, May 14, the shares were priced at C$ 62.55 apiece, 18 per cent up from a 52-week low of C$ 53 on September 25, 2020. In the past year, the stock grew by 7.5 per cent and its one-month growth sits at 1.5 per cent.
In Q1 FY21, the communications services provider's revenue clocked C$ 3,488 million, representing an increase of two per cent year-over-year (YoY). The adjusted EBITDA increased by four per cent to C$ 1,391 million in the same period.
Cogeco Communications Inc. (TSX:CCA)
The North American cable operating company, Cogeco Communications Inc. (TSX:CCA), generates most of its revenues from Canada. It provides various other services like video, internet and telecommunications. The market cap of the company is C$ 3.8 billion and its debt-to-equity (D/E) ratio is 1.4.
The CCA stock grew by about 19 per cent in a year beating the TSX 300 Composite Index that dipped by 11 per cent in the same period. Its year-to-date (YTD) growth is 22 per cent and the scrips were priced at C$ 119.57 apiece on May 14.
Cogeco distributes a quarterly dividend of C$ 0.64. In Q2 2021, the company achieved revenue of C$ 635.5 million, up by 8.2 per cent from the same quarter of the previous year. The free cash flow increased by 14.2 per cent to C$ 142.8 million.
Source:Pixabay
Score Media and Gaming Inc.(TSX:SCR)
Score Media and Gaming Inc. (TSX:SCR) owns 'theScore', one of the most popular sports apps in North America. You can get live scores, news, stats and betting options from various products of Score Media.
On February 10, 2021, the stock reached a 52-week high of C$ 56.7 and at market close on May 14, it was available at C$ 22.28. If you're looking to invest in media and entertainment stocks, you might use this price as an entry point. The stock has skyrocketed by 412 per cent in a year and it surged by 178.5 per cent in six months.
In Q2 FY21, the cash and cash equivalents increased to C$ 44.7 million. Score Media holds a price-to-book (P/B) ratio of 19.4 and its market cap is C$ 902.1 million.
Bragg Gaming Group Inc. (TSX:BRAG)
The innovative B2B online gaming solution provider, Bragg Gaming Group Inc. (TSX:BRAG), also offers sportsbook and marketing services. The 10-day average volume of BRAG shares was 108,659 and the stock grew by 3.5 per cent in a week.
The shares closed at C$ 18.7 on May 14, down from a 52-week high of C$ 31.8 on February 16, 2021. In a year, the stock witnessed a staggering growth of 503 per cent and it surged by 285.6 per cent in nine months.
The company holds a price-to-cash flow (P/CF) ratio of 16.3 and its market cap is C$ 370.7 million. Posting strong first-quarter fiscal 2021 results, the company achieved revenue of C$ 20.9 million, an increase of 62 per cent YoY. The gross profit increase by 68 per cent to C$ 9.8 million.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.
