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
$30.68
10/07/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for RCI

10/07/2026: RCI (1-star) is currently NOT-A-BUY. Pass it for now.

Rogers Communications is a major Canadian telecommunications and media company operating in a stable but highly regulated market. The company has a leading position in wireless and broadband, significantly enhanced by the recent integration of Shaw Communications. Its primary growth opportunity lies in leveraging this scale for 5G and fiber expansion, while realizing synergies to improve cash flow. Key risks include high debt levels, ongoing competition from the 'Big Three' carriers, and regulatory pressures on pricing. It may suit income-focused investors who value the company's dividend history, provided they can tolerate the moderate risk associated with its leverage and the evolving competitive environment.

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 moderate and tied to the mature telecommunications industry rather than hyper-growth tech sectors.
Momentum investorWeak fitMomentum is often range-bound by regulatory constraints and macro-economic interest rate factors.
Value investorStrong fitThe company may offer value for long-term investors seeking stable cash flows after significant capital deployments.
Dividend investorStrong fitRogers is historically a reliable income generator for investors seeking stable dividend payouts.
Low-risk investorMixed fitWhile operations are stable, the company's high debt load adds a layer of risk that conservative investors should monitor.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock is subject to broader market swings and sensitivity to interest rate changes affecting telecom stocks.
Valuation riskMediumValuations are contingent on the company's ability to deleverage and prove long-term synergy benefits.
Competition risk (Telecom/Broadband)HighIntense competition from BCE and Telus keeps margins under persistent pressure.
Business qualityMedium / highThe company owns critical national infrastructure with high barriers to entry.
Dividend incomeMediumDividend sustainability depends on consistent free cash flow and prudent capital management.
Execution riskMedium / highSuccessful integration of Shaw assets is vital for long-term financial performance and debt reduction.

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 21.32%
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 10/07/2026

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.

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 66.4% 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 high-quality, large-cap, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 16.50B USD
Price to earnings Ratio 3.72
1Y Target Price 38.85
Price to earnings Ratio 3.72
1Y Target Price 38.85
Volume (30-day avg) 1.3M shares
Beta 0.84
52 Weeks Range 30.02 - 39.98
Updated Date 10/07/2026
52 Weeks Range 30.02 - 39.98
Updated Date 10/07/2026
Dividends yield (FY) 6.58%
Basic EPS (TTM) 8.21

How Company Makes Money

Business areaWhat it includesRetail investor read
WirelessMobile phone subscriptions, roaming, and data services across Canada.This is the primary engine of revenue, driven by monthly subscriber fees.
Cable/BroadbandHome internet, IPTV, and home phone services.Essential utility-like services providing steady, recurring monthly cash flows.
MediaTelevision, radio, and sports-related media assets.Provides brand exposure and unique content to differentiate from competitors.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 3.72
Forward PE 9.54
Enterprise Value 49.44B
Price to Sales(TTM) 0.73
Enterprise Value 49.44B
Price to Sales(TTM) 0.73
Enterprise Value to Revenue 3.07
Enterprise Value to EBITDA 4.91
Shares Outstanding 429.08M
Shares Floating 385.06M
Shares Outstanding 429.08M
Shares Floating 385.06M
Percent Insiders 10.64
Percent Institutions 66.43

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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.

About Rogers Communications Inc

Exchange NYSE
Headquarters Toronto, ON, Canada
IPO Launch date 1996-01-11
President, CEO & Director Mr. Anthony Staffieri FCA, FCPA
Sector Communication Services
Industry Telecom Services
Full time employees 25000
Full time employees 25000

Rogers Communications Inc. operates as a communications, sports, and entertainment company in Canada. It operates through Wireless, Cable, and Media segments. 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 and pickup services; satellite-to-mobile service; and wireless solutions under the Rogers, Fido, and chatr brands. It also provides Internet access, Internet protocol-based (IP) television, applications, online viewing, phone, home monitoring, and advanced home WiFi services to consumer and businesses. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, restart, and integrated apps; linear and time-shifted programming; digital specialty channels; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; video and audio programming; voice, data networking, IP, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices. 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 HGTV television networks, as well as AM and FM radio stations. It also offers Rogers and the Rogers Red World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada.

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