Rogers Communication (NYSE:RCI) Upgraded at Wall Street Zen

Rogers Communication (NYSE:RCI) (TSE:RCI.B) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Weiss Ratings downgraded Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Raymond James Financial began coverage on shares of Rogers Communication in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. Desjardins upgraded Rogers Communication from a “hold” rating to a “buy” rating in a report on Monday, September 14th. Barclays decreased their price objective on shares of Rogers Communication from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. Finally, TD Securities restated a “buy” rating on shares of Rogers Communication in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Rogers Communication Trading Down 2.4%

Shares of RCI opened at $32.41 on Friday. Rogers Communication has a 1-year low of $29.25 and a 1-year high of $41.14. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average price is $34.01 and its 200-day moving average price is $34.83. The firm has a market capitalization of $17.51 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 4.18 and a beta of 0.65.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Friday, October 23rd. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the company earned $1.37 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Rogers Communication will post 3.24 EPS for the current year.

Institutional Investors Weigh In On Rogers Communication

Large investors have recently added to or reduced their stakes in the stock. Lorne Steinberg Wealth Management Inc. increased its position in Rogers Communication by 3.0% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 178,014 shares of the Wireless communications provider’s stock valued at $5,481,000 after acquiring an additional 5,106 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Rogers Communication during the third quarter valued at $323,000. Cardinal Capital Management lifted its holdings in Rogers Communication by 7.8% during the 3rd quarter. Cardinal Capital Management now owns 62,970 shares of the Wireless communications provider’s stock valued at $1,961,000 after buying an additional 4,580 shares in the last quarter. Cardinal Point Capital Management ULC grew its stake in Rogers Communication by 4.2% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 345,009 shares of the Wireless communications provider’s stock worth $10,656,000 after acquiring an additional 13,919 shares in the last quarter. Finally, Guardian Partners Inc. increased its position in shares of Rogers Communication by 5.9% during the third quarter. Guardian Partners Inc. now owns 359,957 shares of the Wireless communications provider’s stock worth $11,110,000 after acquiring an additional 19,967 shares during the period. 45.49% of the stock is owned by institutional investors.

More Rogers Communication News

Here are the key news stories impacting Rogers Communication this week:

• Positive Sentiment: Rogers reported quarterly earnings of $0.92 per share, exceeding analyst expectations of approximately $0.84–$0.85. Revenue increased 1.8% year over year, while adjusted profit benefited from higher revenue. Rogers Communication Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management highlighted record free cash flow and the company’s lowest capital intensity in more than two decades. Capital spending fell 46% in the quarter, supporting near-term cash generation and potentially improving balance-sheet flexibility. Rogers Communications Reports Third Quarter 2026 Results
• Positive Sentiment: Rogers added 17,000 net mobile phone subscribers, and the board declared a quarterly dividend of $0.50 per share, payable January 5, 2027. Scotiabank also raised its FY2026 and FY2027 EPS forecasts to $3.34 and $3.51, respectively, while maintaining an “Outperform” rating. Rogers Communications Declares Quarterly Dividend
• Neutral Sentiment: The earnings beat was partly offset by the comparison with the prior year: reported EPS fell from $1.37 to $0.92, largely because the year-ago period included a significant accounting gain. Rogers Communications Profit Drops on Comparison, Revenue Rises
• Negative Sentiment: The sharp reduction in capital spending may raise concerns about the pace of future network investment and growth, while only 17,000 mobile additions suggest limited subscriber momentum. These concerns appear to be outweighing the adjusted earnings beat for some investors.

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian communications and media company serving consumers, businesses and public-sector organizations across Canada. Its telecommunications operations provide wireless voice and data services, broadband internet, television, home phone and related connectivity products. The company also offers enterprise networking, cybersecurity, cloud and other information technology services.

Rogers operates a portfolio of media and sports properties, including Sportsnet, Citytv and OMNI Television, along with radio stations, digital platforms and publishing operations.