Rogers Comm Cl A (TSE:RCI.A)
TSX:RCI.A
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Rogers Comm Cl A
(TSX:RCI.A)
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Rating:69Neutral
Price Target:
C$50.00
â–¼(-5.98% Downside)
Action:ReiteratedDate:01/31/26
The score is driven primarily by improving financial performance (strong 2025 profitability and free cash flow rebound) but capped by high leverage and uneven cash conversion. Valuation is a major positive (very low P/E and healthy dividend yield), while technicals are only mildly supportive due to a slightly negative MACD despite prices holding above key moving averages.
Positive Factors
Recurring, diversified revenue streams
Rogers’ business collects recurring monthly fees across wireless, broadband, TV and business services, creating stable, predictable cash flows. Diversified customer segments (consumer, business, wholesale, media) reduce single-market exposure and support steady revenue during industry cycles.
Negative Factors
High leverage and large total debt
Elevated leverage raises refinancing and interest-rate risk, constraining strategic flexibility. Large debt loads limit room for aggressive capex or acquisitions without increasing risk, and prolong the timeline for balance-sheet repair even if earnings and equity strengthen.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring, diversified revenue streams
Rogers’ business collects recurring monthly fees across wireless, broadband, TV and business services, creating stable, predictable cash flows. Diversified customer segments (consumer, business, wholesale, media) reduce single-market exposure and support steady revenue during industry cycles.
Read all positive factors
Rogers Comm Cl A (RCI.A) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.55B
Dividend Yield3.89%
Average Volume (3M)1.56K
Price to Earnings (P/E)4.2
Beta (1Y)0.08
Revenue Growth2.75%
EPS Growth342.54%
CountryCA
Employees24,000
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)1.51
Shares Outstanding111,152,010
10 Day Avg. Volume2,034
30 Day Avg. Volume1,557
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.18
Price to Sales (P/S)1.32
P/FCF Ratio12.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.79
Revenue Forecast (FY)C$22.49B
Rogers Comm Cl A Business Overview & Revenue Model
Company Description
Rogers Communications Inc. operates as a communications and media company in North America. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financ...
How the Company Makes Money
Rogers makes money mainly by selling connectivity and related services to consumers, businesses, and wholesale customers. The largest revenue driver is typically wireless service, where it earns recurring monthly fees for postpaid and prepaid mobi...
Rogers Comm Cl A Earnings Call Summary
Earnings Call Date:Oct 24, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The earnings call demonstrated strong operational performance with record subscriber growth and innovative financial strategies to reduce debt. However, the decline in roaming revenue presents a challenge. Overall, Rogers is maintaining its competitive edge in the market.Positive Updates
Strong Subscriber Growth
Rogers added a record 227,000 mobile phone and Internet net additions in Q3. Over the past 11 quarters, they have added 1.9 million mobile phone and Internet net additions.
Negative Updates
Roaming Revenue Decline
There was a decline in total roaming revenue, which significantly impacted ARPU negatively in the third quarter.
Read all updates
Q3-2024 Updates
Positive
Negative
Strong Subscriber Growth
Rogers added a record 227,000 mobile phone and Internet net additions in Q3. Over the past 11 quarters, they have added 1.9 million mobile phone and Internet net additions.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Rogers Communications, the company provided significant guidance on its financial and operational outlook. They announced a pioneering $7 billion structured equity financing deal with a leading global financial investor, aimed at reducing their debt leverage ratio to 3.7x by year-end, ahead of the previously targeted 4.2x. The transaction is expected to close in Q4 2024 and marks a substantial step in their Shaw deleveraging plans. Rogers highlighted their strong market performance with record mobile phone and Internet net additions of 227,000 for the quarter, contributing to a total of 1.9 million over the past 11 quarters. Wireless service revenue grew by 2%, with adjusted EBITDA up by 5%, achieving industry-leading wireless margins of 66%. Cable revenue showed sequential improvement, with a 1% decline, and cable adjusted EBITDA increased by 5%, reaching a margin of 58%. Their Sports & Media business also delivered robust results with 11% revenue growth and a 25% rise in adjusted EBITDA. Additionally, Rogers reaffirmed its 2024 guidance range targets, emphasizing continued growth and efficiency gains.Rogers Comm Cl A Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
54
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.71B | 20.60B | 19.31B | 15.40B | 14.65B |
| Gross Profit | 5.02B | 9.62B | 8.58B | 6.39B | 5.89B |
| EBITDA | 14.74B | 9.21B | 8.22B | 6.12B | 5.63B |
| Net Income | 6.89B | 1.73B | 849.00M | 1.68B | 1.56B |
Balance Sheet | |||||
| Total Assets | 90.01B | 71.41B | 69.28B | 55.66B | 41.96B |
| Cash, Cash Equivalents and Short-Term Investments | 1.34B | 898.00M | 800.00M | 13.30B | 715.00M |
| Total Debt | 46.60B | 47.63B | 45.20B | 36.75B | 22.84B |
| Total Liabilities | 65.73B | 61.01B | 58.84B | 45.56B | 31.43B |
| Stockholders Equity | 24.29B | 10.40B | 10.44B | 10.09B | 10.53B |
Cash Flow | |||||
| Free Cash Flow | 2.35B | 1.59B | 1.29B | 1.42B | 1.37B |
| Operating Cash Flow | 6.06B | 5.63B | 5.22B | 4.49B | 4.16B |
| Investing Cash Flow | -8.21B | -4.46B | -20.20B | -3.26B | -6.13B |
| Financing Cash Flow | 2.60B | -1.08B | 2.48B | 11.36B | 203.00M |
Rogers Comm Cl A Technical Analysis
Negative
53.18
Price Trends
52.66
Negative
52.02
Negative
50.61
Negative
Market Momentum
-1.49
Positive
29.36
Positive
8.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RCI.A, the sentiment is Negative. The current price of 53.18 is above the 20-day moving average (MA) of 52.39, above the 50-day MA of 52.66, and above the 200-day MA of 50.61, indicating a bearish trend. The MACD of -1.49 indicates Positive momentum. The RSI at 29.36 is Positive, neither overbought nor oversold. The STOCH value of 8.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RCI.A.
Rogers Comm Cl A Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$2.82B | 7.99 | 9.79% | 5.69% | -2.22% | -2.36% | |
71 Outperform | C$12.53B | 13.87 | 35.31% | 2.70% | -0.29% | 15.30% | |
69 Neutral | C$24.55B | 4.15 | 43.97% | 3.89% | 2.75% | 342.54% | |
69 Neutral | C$24.55B | 4.04 | 43.97% | 3.94% | 2.75% | 342.54% | |
64 Neutral | C$30.80B | 4.71 | 31.99% | 7.42% | 0.11% | 7109.23% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | C$25.40B | 24.88 | 7.68% | 9.49% | 2.42% | 24.37% |
* Communication Services Sector Average
TSE:RCI.A
Rogers Comm Cl A
46.06
8.63
23.05%
TSE:BCE
BCE
33.03
4.96
17.67%
TSE:RCI.B
Rogers Communication
45.28
12.73
39.11%
TSE:T
Telus
16.27
-2.34
-12.60%
TSE:QBR.A
Quebecor Inc Cl A MV
56.03
22.29
66.04%
TSE:CCA
Cogeco Communications
66.70
7.70
13.05%
Rogers Comm Cl A Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Rogers Communications to Raise US$750 Million and C$1.25 Billion in Subordinated Note Offerings
Positive
Mar 25, 2026
Rogers Communications Inc. has priced a dual offering of long-dated subordinated notes, launching a US$750 million U.S. public issue at 6.875% due 2056 and a C$1.25 billion Canadian private placement at 6.250% due 2056. The U.S. notes will be sold...
Business Operations and StrategyFinancial Disclosures
Rogers Communications Posts Strong Q4 on Sports-Fueled Media Surge and Tight Capital Discipline
Positive
Jan 29, 2026
Rogers Communications reported strong fourth-quarter 2025 results, with total service revenue up 16% to $5.3 billion and adjusted EBITDA up 6% to $2.7 billion, driven largely by a surge in Media performance and stable contributions from Wireless a...
Dividends
Rogers Communications Declares 50-Cent Quarterly Dividend
Positive
Jan 29, 2026
Rogers Communications Inc. has declared a quarterly dividend of 50 cents per share on both its Class A Voting and Class B Non-Voting shares, reinforcing its ongoing capital return to shareholders. The dividend will be paid on April 2, 2026 to shar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.