08:58:18 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



Rogers Communications Inc
Symbol RCI
Shares Issued 429,073,267
Close 2025-06-25 C$ 39.94
Market Cap C$ 17,137,186,284
Recent Sedar Documents

Globe says Rogers Communications kept at "buy"

2025-06-25 07:04 ET - In the News

The Globe and Mail reports in its Wednesday edition that TD Cowen analyst Vince Valentini continues to rate Rogers Communications "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Valentini's share target advanced $4 to $60. Analysts on average target the Class B shares at $51.61. Mr. Valentini thinks wireless industry price competition has "become less negative" in recent weeks. With a "potential industry recovery in sight." Mr. Valentini thinks investors will increasingly shift positioning to Rogers, pointing to "its industry-leading mix of wireless EBITDA and its sector-low valuation." Mr. Valentini says in a note: "For Rogers, we have simply harmonized our base case wireless multiple at the same level we had already been using for BCE and Telus, which is eight times EBITDA (previously we had been using 7.5 times for wireless at Rogers). We have also removed our assumption for $500-million in non-core asset sales in 2026 (an attempt to be more conservative, given that we believe RCI will be focused on sports monetization as opposed to real estate and DCs), and as a reminder we assume in our debt forecast that Rogers stays at 75-per-cent ownership of MLSE after paying $4.7-billion to BCE."

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