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Summary
- The trending stocks of TELUS Corporation climbed by 10 per cent in November and about two per cent in December.
- Media conglomerate Thomson Reuters Corporation saw its stocks rise over 11 per cent in the last six months.
- Boosted by the 5G rollout, stock of Rogers Communications climbed over 15 per cent in the last three months.
With all that has gone down this year due to the coronavirus pandemic, communication and entertainment has often been the ultimate comfort. As the demand for connectivity, content, wireless, etc. rose over the last nine months since the onset of the pandemic, stocks of these companies have also noted a spike in their performance, especially with the progress in the field of 5G network.
Let’s take a look at some of the top communication and entertainment stocks of 2020:
1. TELUS Corporation (TSX: T)
The trending stocks of TELUS Corporation climbed by 10 per cent in November and about two per cent in December. Since the stock price dwindled amid the onset of the pandemic in March, it has rebounded by over eight per cent in the last six months and over 21 per cent in the last nine months.
TELUS stocks, currently priced at C$ 25.43, have secured an average trading volume of 2.73 million in the last 10 months and about 2.64 million over the past month.
One of the leaders in Canada’s telecommunications market, TELUS Corporation’s business ranges over the landscape of television, internet, online healthcare, etc. The company made a mark this year with its reach of 5G network across the country.
TELUS is set to distribute a dividend of C$ 0.311 on January 4 next year, payable on a quarterly basis. It currently has an yield of 4.895 per cent, as per the data on TMX Group.
2. Thomson Reuters Corporation (TSX: TRI)
Media conglomerate Thomson Reuters Corporation saw its stocks rise over 11 per cent in the last six months and about 26 per cent in the last nine months since March market collapse.
The Toronto-based media house distributed a quarterly dividend of US$ 0.38 on December 15.
Thomson Reuters Corporation posted a two per cent year-over-year (YoY) growth in its IFRS revenues of US$ 1,443 million in the third quarter ending 30 September 2020. While its operating profit jumped 21 per cent, its adjusted EBITDA climbed 42 per cent in Q3 2020.
@Kalkine Image 2020
3. BCE Inc (TSX: BCE)
Stocks of BCE Inc, currently trending on the TSX, posted an average trading volume of seven million in the last 10 days and that of 3.99 million over the past month. While the shares rose over five per cent in November, their value fell about two per cent in December, month-to-date.
BCE scrips climbed over five per cent in the last nine months since the pandemic-triggered March lows.
The Montreal-based company recorded an operating revenue of about C$ 5,787 million in the third quarter of 2020, down 2.6 per cent YoY. Its free cash flow jumped by about 11.5 per cent YoY, while its net earnings spiked by about 20 per cent YoY in Q3 2020.
BCE Inc is one of Canada’s leading wireless and Internet service providers and has expanded its 5G network to major regions such as Montreal, Greater Toronto Area, Calgary, etc.
4. Rogers Communications Inc (TSX: RCI.B)
Boosted by the 5G rollout, stock of Rogers Communications climbed over 15 per cent in the last three months and over four per cent in the last six months. It currently has a 10-day average trading volume of 1.8 million.
The Ontario-headquartered company distributed about C$ 253 million in dividends in the third quarter ending 30 September 2020. In its latest financial report, its declared a quarterly dividend of C$ 0.50, which has an yield of 3.349 per cent (as per the data on TMX Group).
Rogers Communications’ free cash flow grew 13 per cent YoY to C$ 868 million in Q3 2020, while its liquidity position amounted to C$ 5.5 billion at the end of September 2020.
Rogers Communications Inc’ 5G network has a presence in over 130 cities and towns in Canada.
5. Shaw Communications Inc (TSX: SJR.B)
Stocks of Shaw Communications Inc rebounded by nearly 20 per cent in the last nine months since plummeting amid the pandemic-triggered market crash in March. The stocks climbed about four per cent in November and has been trading flat in December to date.
The Alberta-based company recorded 10-day average trading volume of 2.12 million and 52-week high of 26.9.
Shaw Communications also pays a monthly dividend of C$ 0.099, which will be payable on January 28 and currently as an yield of 5.236 per cent, according to the TMX portal.
