Rogers Comm Cl A (TSE:RCI.A)
TSX:RCI.A
Want to see TSE:RCI.A full AI Analyst Report?
Top Page
Rogers Comm Cl A
(TSX:RCI.A)
Select Model
Select Model
Rating:65Neutral
Price Target:
C$55.00
â–²(3.42% Upside)
Action:Reiterated
Date:04/24/26
The score is primarily driven by strong recent profitability, tempered by elevated leverage and only moderate cash-flow conversion. Technical indicators are mixed (negative MACD despite neutral momentum), while valuation is supportive with a reasonable P/E and a solid dividend yield.
Positive Factors
Strong reported profitability
Sustained high reported margins and strong operating profitability indicate durable pricing power and cost control across core services. Over a multi-month horizon this supports internal investment, dividend coverage and resilience to moderate revenue slowdowns, bolstering long-term cash generation.
Negative Factors
Elevated leverage
High absolute debt levels and a still-elevated debt-to-equity ratio leave the company sensitive to refinancing risk and higher interest costs. Over 2–6 months, this reduces strategic flexibility, constrains large M&A or aggressive capital returns, and increases exposure to adverse macro financing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong reported profitability
Sustained high reported margins and strong operating profitability indicate durable pricing power and cost control across core services. Over a multi-month horizon this supports internal investment, dividend coverage and resilience to moderate revenue slowdowns, bolstering long-term cash generation.
Read all positive factors
Rogers Comm Cl A (RCI.A) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$28.52B
Dividend Yield3.89%
Average Volume (3M)1.56K
Price to Earnings (P/E)4.0
Beta (1Y)0.03
Revenue Growth7.44%
EPS Growth297.46%
CountryCA
Employees24,000
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)13.14
Shares Outstanding111,148,720
10 Day Avg. Volume2,034
30 Day Avg. Volume1,557
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.15
Price to Sales (P/S)1.28
P/FCF Ratio11.85
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)4.71
Revenue Forecast (FY)C$22.55B
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:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call emphasized strong execution: solid consolidated and segment results, material free cash flow improvement, deleveraging (net leverage down 0.6x), CapEx discipline, and a successful expansion of sports/media assets (MLSE consolidation and Blue Jays impact). Management acknowledged near‑term headwinds — ARPU decline, roaming impacts, lower immigration, and aggressive competitor promotional activity — plus variability tied to sports outcomes and regulatory-driven project cancellations. On balance the company reported multiple sizable financial and strategic wins, delivered on 2025 guidance, and provided constructive 2026 guidance, while flagging manageable risks that could introduce volatility.Positive Updates
Strong consolidated Q4 and full‑year results
Q4 consolidated service revenue grew 16% to $5.3B and adjusted EBITDA grew 6% to $2.7B. Full‑year 2025 revenue was $21.7B (up 5%) and adjusted EBITDA was $9.8B (up 2%).
Negative Updates
Wireless ARPU decline and roaming headwinds
Quarterly ARPU declined 2.8% to $56.43. Management noted roaming was a headwind in 2025 and while roaming offers were reset to drive adoption, recovery timing remains uncertain and could pressure ARPU in the near term.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong consolidated Q4 and full‑year results
Q4 consolidated service revenue grew 16% to $5.3B and adjusted EBITDA grew 6% to $2.7B. Full‑year 2025 revenue was $21.7B (up 5%) and adjusted EBITDA was $9.8B (up 2%).
Read all positive updates
Company Guidance
Rogers outlined 2026 guidance calling for total service revenue growth of 3–5% and adjusted EBITDA growth of 1–3%, with capital expenditures of $3.3–$3.5 billion (down from $3.7B in 2025 and $4.0B in 2024) and free cash flow targeted at $3.3–$3.5 billion. Management noted it met or exceeded its 2025 guidance: full‑year revenue $21.7B (+5%), EBITDA $9.8B (+2%), 2025 free cash flow >$3.3B (Q4 FCF $1.0B, +16% YoY), CapEx $3.7B (‑8% YoY; Q4 CapEx ‑7%), capital intensity at 15% (lowest since Q2 2017) and net leverage 3.9x (‑0.6x vs. prior year). Segment metrics cited as drivers of the outlook include wireless: Q4 mobile phone net adds 39k, FY mobile phone net adds 245k, combined mobile‑phone + retail‑Internet net adds 345k, Q4 ARPU $56.43 (‑2.8%), wireless margin 67%; cable: Q4 retail Internet net adds 22k, +100k retail Internet net adds in 2025, cable margin 59%; and media pro forma 2025 revenue ≈$4.1B with adj. EBITDA ≈$400M (Q4 media rev $1.2B, adj. EBITDA $221M). Management reiterated continued focus on capital efficiency, deleveraging (completed nine months ahead of plan) and that timing of the remaining 25% MLSE purchase and any sports‑monetization transactions will influence the pace of further balance‑sheet and cash‑flow improvements.Rogers Comm Cl A Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.22B | 21.71B | 20.60B | 19.31B | 15.40B | 14.65B |
| Gross Profit | 7.49B | 5.02B | 9.62B | 8.58B | 6.39B | 5.89B |
| EBITDA | 15.18B | 14.74B | 9.21B | 8.22B | 6.12B | 5.63B |
| Net Income | 7.09B | 6.89B | 1.73B | 849.00M | 1.68B | 1.56B |
Balance Sheet | ||||||
| Total Assets | 89.96B | 90.01B | 71.41B | 69.28B | 55.66B | 41.96B |
| Cash, Cash Equivalents and Short-Term Investments | 1.39B | 1.34B | 898.00M | 800.00M | 13.30B | 715.00M |
| Total Debt | 44.80B | 46.60B | 47.63B | 45.20B | 36.75B | 22.84B |
| Total Liabilities | 65.64B | 65.73B | 61.01B | 58.84B | 45.56B | 31.43B |
| Stockholders Equity | 17.98B | 24.29B | 10.40B | 10.44B | 10.09B | 10.53B |
Cash Flow | ||||||
| Free Cash Flow | 2.64B | 2.35B | 1.59B | 1.29B | 1.42B | 1.37B |
| Operating Cash Flow | 6.30B | 6.06B | 5.63B | 5.22B | 4.49B | 4.16B |
| Investing Cash Flow | -8.33B | -8.21B | -4.46B | -20.20B | -3.26B | -6.13B |
| Financing Cash Flow | 739.00M | 2.60B | -1.08B | 2.48B | 11.36B | 203.00M |
Rogers Comm Cl A Technical Analysis
Positive
53.18
Price Trends
50.51
Positive
51.35
Positive
51.28
Positive
Market Momentum
0.68
Negative
70.54
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RCI.A, the sentiment is Positive. The current price of 53.18 is above the 20-day moving average (MA) of 50.80, above the 50-day MA of 50.51, and above the 200-day MA of 51.28, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 70.54 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | C$15.21B | 17.00 | 35.07% | 2.70% | 1.93% | 18.42% | |
69 Neutral | C$28.52B | 4.05 | 40.28% | 3.94% | 7.44% | 297.46% | |
67 Neutral | C$32.03B | 5.03 | 29.69% | 7.42% | 1.55% | 1496.64% | |
65 Neutral | C$28.52B | 4.05 | 40.28% | 3.89% | 7.44% | 297.46% | |
62 Neutral | C$2.81B | 8.93 | 9.93% | 5.69% | -4.35% | -3.51% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | C$26.97B | 29.12 | 6.41% | 9.49% | 0.13% | -23.84% |
* Communication Services Sector Average
TSE:RCI.A
Rogers Comm Cl A
54.35
15.38
39.47%
TSE:BCE
BCE
34.78
5.85
20.21%
TSE:RCI.B
Rogers Communication
53.20
17.97
51.00%
TSE:T
Telus
17.31
-3.50
-16.80%
TSE:QBR.A
Quebecor Inc Cl A MV
67.60
29.17
75.93%
TSE:CCA
Cogeco Communications
67.22
2.51
3.89%
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.