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Rogers Comm Cl A (TSE:RCI.A)
:RCI.A
Canadian Market
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Rogers Comm Cl A (RCI.A) AI Stock Analysis

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TSE:RCI.A

Rogers Comm Cl A

(TSX:RCI.A)

Rating:75Outperform
Price Target:
C$55.00
â–²(8.06% Upside)
Rogers Communications' overall stock score reflects strong financial performance and technical indicators, supported by strategic corporate events. The company's robust revenue growth and cash flow generation, along with positive market momentum, are significant strengths. However, challenges in maintaining profitability and shareholder returns, as well as the absence of earnings call data, are areas to monitor.

Rogers Comm Cl A (RCI.A) vs. iShares MSCI Canada ETF (EWC)

Rogers Comm Cl A Business Overview & Revenue Model

Company DescriptionRogers Communications Inc. (RCI.A) is a leading Canadian telecommunications and media company headquartered in Toronto, Ontario. The company operates through three main segments: Wireless, Cable, and Media. Rogers provides a comprehensive range of communication services, including wireless voice and data, high-speed internet, digital television, and home phone services. Additionally, it owns and operates a diverse portfolio of media assets, including television and radio broadcasting, sports entertainment, and digital media properties.
How the Company Makes MoneyRogers Communications Inc. generates revenue through multiple streams primarily from its Wireless, Cable, and Media segments. The Wireless segment is a significant contributor to the company's earnings, providing services such as mobile voice, data services, and device sales. The Cable segment generates income through subscriptions for high-speed internet, digital television, and home phone services. The Media segment earns revenue from advertising sales, subscription fees, and content distribution through its various media properties, which include television and radio stations, sports teams, and digital media platforms. Partnerships with content providers, technology companies, and other telecommunications firms further bolster Rogers' revenue through collaborative offerings and bundled services.

Rogers Comm Cl A Earnings Call Summary

Earnings Call Date:Jul 23, 2025
(Q3-2024)
|
% Change Since: 4.93%|
Next Earnings Date:Oct 23, 2025
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.
Q3-2024 Updates
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.
Innovative $7 Billion Structured Equity Financing
Rogers announced a $7 billion structured equity financing with a leading global financial investor to pay down debt. This will reduce their debt leverage ratio to 3.7x by year-end, ahead of the 4.2x target.
Industry-leading Margins
Rogers achieved their best-ever cable and wireless margins with wireless service revenue up 2% and adjusted EBITDA up 5%. Cable adjusted EBITDA increased by 5% with margins of 58%.
Record Wireless and Cable Margins
Wireless adjusted EBITDA margin reached an all-time high of 66%, and Cable margins hit 58%, also an all-time high.
Strong Performance in Sports & Media
Sports & Media revenue grew 11%, and adjusted EBITDA rose 25% in Q3.
Negative Updates
Roaming Revenue Decline
There was a decline in total roaming revenue, which significantly impacted ARPU negatively in the third quarter.
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
Rogers Communications shows strong revenue growth and robust profit margins, with efficient operations and solid cash flow management. However, high debt levels remain a concern, balanced by consistent cash generation and profitability.
Income Statement
85
Very Positive
Rogers Communications has demonstrated strong revenue growth, with a notable increase from $14.66 billion in 2021 to $20.68 billion in TTM (Trailing-Twelve-Months). Gross profit margin remains robust at approximately 46.7% for TTM, indicating efficient cost management. Net profit margin has slightly improved to 8.5% in TTM, reflecting solid profitability. EBIT and EBITDA margins at 24.3% and 44.6% respectively are strong indicators of operational efficiency.
Balance Sheet
75
Positive
The company's balance sheet shows a high debt-to-equity ratio of 4.64 in TTM, signaling significant leverage, which could pose a risk in volatile markets. However, the return on equity (ROE) of 16.5% in TTM indicates a good return on shareholders' investments. The equity ratio is 14.5%, suggesting moderate reliance on equity financing.
Cash Flow
80
Positive
Rogers Communications exhibits healthy cash flow management, with a strong operating cash flow to net income ratio of 3.3 in TTM, indicating good cash generation relative to net income. The free cash flow growth rate is positive, increasing from $1.11 billion in 2023 to $1.69 billion in TTM, pointing to improved liquidity and financial flexibility.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue20.80B20.60B19.31B15.40B14.65B13.92B
Gross Profit9.69B9.62B8.58B6.39B5.89B5.86B
EBITDA9.05B9.26B7.61B6.19B5.66B5.76B
Net Income1.52B1.73B849.00M1.68B1.56B1.59B
Balance Sheet
Total Assets77.19B71.41B69.28B55.66B41.96B38.85B
Cash, Cash Equivalents and Short-Term Investments6.96B898.00M800.00M463.00M715.00M2.48B
Total Debt45.41B47.63B45.20B36.75B22.84B21.26B
Total Liabilities59.32B61.01B58.84B45.56B31.43B29.28B
Stockholders Equity11.22B10.40B10.44B10.09B10.53B9.57B
Cash Flow
Free Cash Flow1.97B1.51B1.10B1.37B1.32B1.95B
Operating Cash Flow5.92B5.68B5.22B4.49B4.16B4.32B
Investing Cash Flow-3.86B-4.46B-20.20B-3.26B-6.13B-2.56B
Financing Cash Flow4.45B-1.13B2.48B11.36B203.00M227.00M

Rogers Comm Cl A Technical Analysis

Technical Analysis Sentiment
Positive
Last Price50.90
Price Trends
50DMA
46.12
Positive
100DMA
42.88
Positive
200DMA
44.92
Positive
Market Momentum
MACD
1.05
Negative
RSI
70.44
Negative
STOCH
90.63
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 50.9 is above the 20-day moving average (MA) of 49.12, above the 50-day MA of 46.12, and above the 200-day MA of 44.92, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 70.44 is Negative, neither overbought nor oversold. The STOCH value of 90.63 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

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
C$9.29B12.1134.50%3.34%-1.02%4.71%
77
Outperform
$9.29B12.1133.80%3.34%-1.02%4.71%
75
Outperform
C$26.59B17.9413.93%3.93%1.87%71.51%
75
Outperform
$26.59B17.1913.68%4.10%1.87%71.51%
72
Outperform
$34.54B35.266.08%7.11%2.56%21.28%
69
Neutral
$32.60B77.572.91%9.70%-0.66%-78.79%
60
Neutral
$44.16B2.09-11.99%4.01%2.29%-39.41%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:RCI.A
Rogers Comm Cl A
50.90
-3.59
-6.59%
TSE:T
Telus
22.65
2.32
11.40%
TSE:BCE
BCE
35.37
-7.36
-17.23%
TSE:QBR.B
Quebecor
40.47
8.73
27.49%
TSE:RCI.B
Rogers Communication
48.78
-3.29
-6.31%
TSE:QBR.A
Quebecor Inc Cl A MV
40.47
7.95
24.45%

Rogers Comm Cl A Corporate Events

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Rogers Communications Reports Strong Q2 2025 Results and Strategic Investments
Positive
Jul 23, 2025

Rogers Communications reported strong financial results for the second quarter of 2025, with growth in revenue and adjusted EBITDA across its Wireless, Cable, and Media segments. The company completed significant investments, including becoming the majority owner of Maple Leaf Sports & Entertainment, which is expected to enhance its media revenue and adjusted EBITDA. Rogers also accelerated its deleveraging efforts, improving its debt leverage ratio, and updated its 2025 outlook to reflect these strategic moves. The company’s focus on expanding its 5G network and launching new products and services underscores its commitment to maintaining a competitive edge in the Canadian market.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Dividends
Rogers Communications Declares Quarterly Dividend
Positive
Jul 23, 2025

Rogers Communications Inc. has declared a quarterly dividend of 50 cents per share for its Class A Voting and Class B Non-Voting shares, payable on October 3, 2025, to shareholders on record as of September 8, 2025. This announcement reflects the company’s ongoing commitment to providing shareholder value, although the payment of dividends is contingent upon the board’s declaration.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Rogers Communications Announces Pricing for Debt Securities Tender Offers
Neutral
Jul 21, 2025

Rogers Communications Inc. has announced the pricing terms for its cash tender offers to purchase certain series of its Canadian dollar debt securities. The company aims to buy back a portion of its outstanding notes, with the settlement date expected on July 23, 2025. This move is part of Rogers’ strategy to manage its debt profile, potentially impacting its financial stability and market positioning by reducing outstanding liabilities and interest obligations.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Rogers Communications Upsizes Cash Tender Offers for Debt Securities
Positive
Jul 21, 2025

Rogers Communications Inc. announced the results of its cash tender offers for eight series of U.S. Dollar debt securities, increasing the total consideration from $1.25 billion to $1.4 billion. This strategic move allows Rogers to purchase a substantial amount of its outstanding notes, potentially improving its financial flexibility and market positioning.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Rogers Communications Upsizes Cash Tender Offers for Debt Securities
Positive
Jul 21, 2025

Rogers Communications Inc. announced the results of its cash tender offers for Canadian dollar debt securities, increasing the maximum purchase amount to accommodate all tendered senior notes due in 2049, 2030, and 2029. This strategic financial move allows Rogers to manage its debt portfolio effectively, potentially strengthening its financial position and enhancing stakeholder confidence.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Rogers Communications Initiates C$400 Million Debt Tender Offer
Positive
Jul 11, 2025

Rogers Communications Inc. has announced cash tender offers for up to C$400 million of its outstanding senior notes across six series. This strategic financial move allows Rogers to manage its debt portfolio effectively, potentially improving its financial flexibility and market positioning. The tender offers are subject to conditions and may be adjusted at the company’s discretion, with the settlement expected shortly after the expiration date.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$61.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Rogers Communications Launches $1.25 Billion Debt Tender Offers
Positive
Jul 11, 2025

Rogers Communications has announced cash tender offers for eight series of its U.S. dollar-denominated debt securities, with a total consideration cap of $1.25 billion. This strategic move is aimed at managing the company’s debt portfolio, potentially improving its financial flexibility and market positioning. The tender offers are structured with specific acceptance priority levels, ensuring that the series of notes accepted for purchase will align with the company’s financial strategy.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$61.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
Rogers Becomes Majority Owner of Maple Leaf Sports & Entertainment
Positive
Jul 2, 2025

Rogers Communications has acquired BCE’s 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, becoming the majority owner with a 75% interest. This acquisition enhances Rogers’ leadership in Canadian sports, aligning with its strategy to invest in sports and entertainment, and aims to bring more championships to Canada. The transaction, funded through revolving bank credit facilities and cash on hand, is expected to unlock more value for Rogers shareholders and further solidify its position in the industry.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Rogers Secures CDN$7 Billion Investment to Strengthen Financial Position
Positive
Jun 20, 2025

Rogers Communications Inc. has successfully closed a CDN$7 billion equity investment transaction with Blackstone and leading Canadian institutional investors. This investment allows Rogers to repay debt while maintaining full operational control of its wireless network, demonstrating investor confidence and unlocking the value of its assets.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
Rogers Expands Ownership in MLSE with NBA TV Canada Approval
Positive
Jun 12, 2025

Rogers Communications has received approval from the Canadian Radio-television and Telecommunications Commission to acquire Bell’s interest in Toronto Raptors Network Ltd (NBA TV Canada), further expanding its ownership in Maple Leaf Sports & Entertainment (MLSE). This strategic acquisition, valued at C$4.7 billion, positions Rogers as a majority owner of MLSE, reinforcing its commitment to live sports and entertainment as a core business strategy.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
Rogers Gains League Approval for MLSE Acquisition
Positive
Jun 4, 2025

Rogers Communications has received all necessary league approvals to acquire Bell’s 37.5% stake in Maple Leaf Sports & Entertainment (MLSE), making it the 75% owner of the prestigious sports and entertainment organization. This acquisition aligns with Rogers’ core business strategy, emphasizing the importance of live sports and entertainment in its operations. The deal, valued at C$4.7 billion, is pending approval from the CRTC for an additional indirect interest in Toronto Raptors Network Ltd, but has already been cleared by the Competition Bureau.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$70.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

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.Date of analysis: Aug 06, 2025