Canaccord Genuity analyst Aravinda Galappatthige has maintained their bullish stance on RCI stock, giving a Buy rating on April 3.
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Aravinda Galappatthige has given his Buy rating due to a combination of factors, despite near-term softness in Rogers’ core wireless and cable trends. He expects Q1 to be relatively flat with only modest EBITDA growth and sees competitive pressures and weaker immigration weighing on wireless revenues through 2026, keeping his forecasts at the low end of management guidance.
However, he views the planned monetization of Rogers’ sports assets as a key upside catalyst, particularly the consolidation and subsequent partial sale of MLSE at an attractive valuation range. Combined with a gradual improvement in leverage metrics and a sum‑of‑the‑parts valuation that still supports upside to his slightly reduced $55.50 target price, these factors underpin his conviction to maintain a Buy recommendation on the stock.
In another report released on April 3, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$55.00 price target.