Rogers Communications Inc logo

Rogers Communications Inc(RCI)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$34.61
11/04/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for RCI

11/04/2026: RCI (1-star) is currently NOT-A-BUY. Pass it for now.

Rogers Communications is a major Canadian integrated communications and media company, offering wireless, broadband, and broadcasting services. The company possesses a leading market position and an extensive infrastructure footprint, which serves as a foundation for its recurring revenue base. Its primary investment story centers on realizing operational synergies from the large-scale acquisition of Shaw Communications to enhance margins. However, investors must consider the risks posed by a high debt load, intense competition, and potential regulatory changes in the Canadian telecom sector. The stock may suit dividend-focused investors, though careful monitoring of debt management and integration progress is advised.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is largely driven by consolidation rather than high-velocity organic expansion.
Momentum investorMixed fitMomentum depends on positive signals regarding synergy realization and debt reduction.
Value investorStrong fitThe stock may offer value for those looking for exposure to essential utility-like services.
Dividend investorStrong fitRogers is historically committed to returning capital to shareholders through dividends.
Low-risk investorMixed fitThe company's significant debt load introduces risk, despite the stable nature of its telecom services.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumTelecom stocks can fluctuate based on interest rate changes and market sentiment.
Valuation riskMediumMarket pricing of the debt-to-equity ratio significantly impacts total valuation.
Competition risk (Telecom oligopoly)HighIntense competition for subscribers forces consistent capital spending.
Business qualityStrongEssential services create a stable and reliable customer demand base.
Dividend incomeMediumDividends are dependent on the company's ability to balance debt repayment with payout targets.
Execution riskMediumSuccessfully integrating the Shaw business is critical for long-term margin improvement.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 21.29%
Avg. Invested days 52
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/04/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
RCI receives a 4-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
RCI has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and strong ownership. In FY2025 versus FY2024, strong earnings growth (+297.3%) and solid cash generation (FCF margin 10.8%) are partially offset by moderate revenue growth (+5.3%).

Financial Health Rating

★★★★★
RCI's financial health is supported by strong cash strength, including free-cash-flow generation of $2.4B (10.8% of revenue). Liquidity is soft (2 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is RCI's strongest growth driver at +297.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+55.8%, strong) is also strong, while revenue growth (+5.3%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 67.8% and approximately 89.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 10.64% supports management-shareholder alignment.

Top 5 Institutional Investors

Royal Bank of Canada 5.69%
Bank of Montreal 4.55%
BMO Capital Markets Corp. 4.55%
Fidelity International Ltd 3.56%
CIBC World Markets Inc. 2.30%

Unit Economics (Per $1K Revenue)

★★★★★
RCI generates approximately $453 of gross profit, $231 of operating income, and $108 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and soft cash conversion support a 3-star rating, while capital efficiency is soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 9.44%

Quantitative Style Profile

★★★★★
RCI has a large-cap, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 18.03B USD
Price to earnings Ratio 28.77
1Y Target Price 37.97
Price to earnings Ratio 28.77
1Y Target Price 37.97
Volume (30-day avg) 1.6M shares
Beta 0.88
52 Weeks Range 29.26 - 39.99
Updated Date 11/04/2026
52 Weeks Range 29.26 - 39.99
Updated Date 11/04/2026
Dividends yield (FY) 5.96%
Basic EPS (TTM) 1.16

How Company Makes Money

Business areaWhat it includesRetail investor read
WirelessMonthly service plans, device sales, and data roaming charges.This is the primary engine of revenue, benefiting from the consistent demand for mobile connectivity.
Cable/InternetBroadband internet, Ignite TV, and home phone bundles.Provides stable, recurring revenue, particularly after the expansion of the footprint via recent acquisitions.
MediaSports assets like the Toronto Blue Jays, TV broadcasting, and streaming content.Offers diversified revenue through advertising and content distribution, though it is more sensitive to economic cycles.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-10-23
When Before Market
Estimate 0.84
Actual 0.92

Profitability

Profit Margin 4.13%
Operating Margin (TTM) 24.53%

Management Effectiveness

Return on Assets (TTM) 3.57%
Return on Equity (TTM) 4.41%

Valuation

Trailing PE 28.77
Forward PE 10.04
Enterprise Value 49.25B
Price to Sales(TTM) 0.79
Enterprise Value 49.25B
Price to Sales(TTM) 0.79
Enterprise Value to Revenue 3.03
Enterprise Value to EBITDA 7.8
Shares Outstanding 429.08M
Shares Floating 385.06M
Shares Outstanding 429.08M
Shares Floating 385.06M
Percent Insiders 10.64
Percent Institutions 67.78

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.