In a report released yesterday, Vince Valentini from TD Cowen maintained a Buy rating on Rogers Communication, with a price target of C$65.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Vince Valentini has given his Buy rating due to a combination of factors tied to Rogers’ positioning and its sports assets. He continues to view Rogers as the most attractive name among Canadian telecom peers, emphasizing that the company’s growing exposure to premium sports content offers a distinct, high-visibility catalyst for shareholder value creation. Valentini notes that demand for live sports rights remains robust and relatively insulated from broader macro volatility, which supports his view that these assets can generate returns that are not closely correlated with Rogers’ core wireless and wireline businesses.
Since his earlier deep-dive report, Valentini has updated his forecasts to reflect Rogers’ Q4/25 results, 2026 guidance, and the company’s announced and expected sports-related transactions. While he has tempered his wireless valuation multiple to account for softer growth and rising competitive intensity, he believes this is more than offset by the incremental value from the planned MLSE stake acquisition and subsequent sale of a portion of the combined sports entity to private investors. He also highlights that public market discounts at comparable sports companies such as MSGS have narrowed, reinforcing his view that the market is likely undervaluing Rogers’ sports portfolio and the potential upside embedded in these assets.
RCI’s price has also changed slightly for the past six months – from C$49.220 to C$54.000, which is a 9.71% increase.