Rogers Comm Cl A (RCI.A) AI Stock Analysis

• Market Cap: C$28.73B
• Dividend Yield: 3.89%
• Average Volume (3M): 1.56K
• Price to Earnings (P/E): 4.2
• Beta (1Y): 0.13
• Revenue Growth: 2.75%
• EPS Growth: 342.54%
• Country: CA
• Employees: 24,000
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 1.51
• Shares Outstanding: 111,152,010
• 10 Day Avg. Volume: 2,034
• 30 Day Avg. Volume: 1,557
• PEG Ratio: 0.01
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 1.32
• P/FCF Ratio: 12.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 4.83
• Revenue Forecast (FY): C$22.49B

• Rating: 69 Neutral
• Price Target: C$57.00 ▲(7.18% Upside)
• Action: Reiterated Date: 01/31/26
• Date: Action: Reiterated 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

Diversified revenue streams and bundling

A multi-segment telecom and media model with wireless, broadband and media revenue provides durable cash diversification. Bundling reduces churn, raises lifetime customer value and supports cross-sell, strengthening long-term revenue resilience and competitive position.

Profitability and free cash flow rebound in 2025

A clear rebound in margins and free cash flow in 2025 indicates improving operating leverage and cash generation capacity. Sustained FCF enables reinvestment, dividend support and debt reduction, improving financial flexibility over the medium term if trends persist.

Consistent revenue growth trend (2021–2025)

Steady top-line expansion across multiple years signals demand for core services and successful customer acquisition or ARPU strategies. Persistent revenue growth supports scale, margin recovery potential and long-term investment in network and product capabilities.

Negative Factors

High leverage and large total debt

Sustained high leverage raises refinancing and interest-rate risk and limits strategic optionality. Even with 2025 equity improvement, elevated debt amplifies vulnerability to downturns, constrains capex flexibility and could pressure cash available for shareholder returns.

Uneven cash conversion versus reported earnings

Weak and inconsistent cash conversion undermines the reliability of reported profitability. If earnings are not regularly converted to cash, the company faces constraints funding debt repayment, dividends and capex without relying on external financing.

Volatile margins and inconsistent profitability

Material year-to-year swings in margins reduce earnings predictability and complicate planning for investment and capital allocation. Persistent volatility suggests exposure to cyclical costs, one-offs or competitive pressure that could impair long-term margin sustainability.

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 financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and smart home monitoring services, such as monitoring, security, automation, energy efficiency, and smart control through a smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; 4K television programming; and seasonal games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Further, it provides residential and small business local telephony services; calling features, such as voicemail, call waiting, and long distance; voice, data networking, Internet protocol, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology (IT) and network technologies; cable access network services; and telecommunications technical consulting services. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 54 AM and FM radio stations. Rogers Communications Inc. was founded in 1960 and is headquartered in Toronto, Canada.

How the Company Makes Money

Rogers Communications generates revenue primarily through multiple key streams: wireless services, which include voice and data plans for mobile devices, account for a significant portion of its income. The company also earns substantial revenue from its cable segment, which offers internet and television services to residential customers. Additionally, its media division contributes to revenue through advertising sales, subscription fees, and content distribution. Significant partnerships, such as agreements with content providers and technology companies, enhance its offerings and customer engagement. The company's ability to bundle services, such as combining wireless and internet packages, further drives customer retention and revenue growth.

Rogers Comm Cl A Financial Statement Overview

Summary

Income statement strength (revenue growth and a sharp profitability improvement in 2025) and a strong 2025 free cash flow rebound are offset by heavy leverage on the balance sheet and uneven cash conversion versus reported earnings.

Income Statement

Revenue has trended up meaningfully from 2021–2025, with 2025 showing solid growth versus 2024. Profitability metrics look very strong in 2025 (notably higher margins and net income), but year-to-year margin patterns are volatile (e.g., net margin was much lower in 2023–2024). Overall: good top-line trajectory and very strong latest-period profitability, tempered by inconsistency across years.

Balance Sheet

Leverage is the main constraint: total debt remains very large and debt-to-equity has been elevated historically (very high in 2022–2024), improving in 2025 but still sizable. The bright spot is stronger equity in 2025 and healthy returns on equity, suggesting improved earnings power, yet the capital structure still implies higher financial risk than ideal.

Cash Flow

Operating cash flow is steady-to-improving over time, and free cash flow rebounded strongly in 2025 with strong growth. However, cash conversion is a concern: free cash flow covers only a modest portion of net income in recent years, and operating cash flow relative to earnings is not consistently strong, implying earnings quality/cash realization is weaker than the income statement alone suggests.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 53.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RCI.A, the sentiment is Neutral. The current price of 53.18 is below the 20-day moving average (MA) of 54.35, above the 50-day MA of 52.23, and above the 200-day MA of 49.77, indicating a neutral trend. The MACD of 0.44 indicates Positive momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 49.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:RCI.A.

Rogers Comm Cl A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RCI.B	75 Outperform	C$28.73B	4.04	43.97%	3.94%	2.75%	342.54%
CCA	72 Outperform	C$3.11B	7.99	9.79%	5.69%	-2.22%	-2.36%
QBR.A	71 Outperform	C$13.24B	13.87	35.31%	2.70%	-0.29%	15.30%
RCI.A	69 Neutral	C$28.73B	4.15	43.97%	3.89%	2.75%	342.54%
BCE	63 Neutral	C$32.96B	4.71	31.99%	7.42%	0.11%	7109.23%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
T	54 Neutral	$28.22B	24.88	7.68%	9.49%	2.42%	24.37%

Rogers Comm Cl A Corporate Events

Rogers Communications Posts Strong Q4 on Sports-Fueled Media Surge and Tight Capital Discipline

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 and Cable. Wireless service revenue and cable revenue were steady year over year, but both segments delivered modest EBITDA growth and industry-leading margins, supported by continued mobile phone and retail internet subscriber gains and disciplined cost management. Media revenue more than doubled on the back of the Toronto Blue Jays’ extended World Series run and the consolidation of MLSE results, with pro forma 2025 media figures coming in ahead of expectations and underlining the strategic importance of sports assets to Rogers’ growth and scale. The company continued to deleverage its balance sheet as free cash flow rose 16% in the quarter and capital intensity fell to its lowest level since 2017, while full-year guidance metrics for 2025 were met or exceeded and 2026 guidance points to further service revenue growth, improved capital efficiency, and higher free cash flow, reinforcing the company’s focus on shareholder value and its positioning as a leading integrated telecom and sports-media player in Canada.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$56.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Rogers Communications Declares 50-Cent Quarterly Dividend

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 shareholders of record as of March 10, 2026, underscoring the company’s continued commitment to shareholder returns and signaling confidence in its financial stability within the Canadian communications and entertainment sector.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$56.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.