Rogers Communications Inc.

TSX:RCI.B Stock Report

Market Cap: CA$28.8b

Rogers Communications Management

Management criteria checks 3/4

Rogers Communications' CEO is Tony Staffieri, appointed in Nov 2021, has a tenure of 4.58 years. total yearly compensation is CA$15.45M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.001% of the company’s shares, worth CA$184.06K. The average tenure of the management team and the board of directors is 2.3 years and 4.3 years respectively.

Key information

Tony Staffieri

Chief executive officer

CA$15.4m

Total compensation

CEO salary percentage9.71%
CEO tenure4.6yrs
CEO ownership0.0006%
Management average tenure2.3yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

Narrative Update Jun 04

RCI.B: Future Cash Flows Supported By Execution On Network Expansion Initiatives

Rogers Communications' updated analyst price target edges higher to about CA$72.64 from roughly CA$72.29, reflecting analysts' revised assumptions for slightly lower growth and margins, as well as a higher future P/E multiple supported by recent upgrades and target increases across several firms. Analyst Commentary Recent Street research on Rogers Communications has tilted more positive, with several bullish analysts lifting price targets and issuing upgrades.
Narrative Update May 04

RCI.B: Future Returns Will Hinge On Execution Of Cost Cuts And New Services

Rogers Communications' analyst price targets have edged higher, with recent increases of between CA$2 and CA$4.50. These changes are supported by analysts updating their earnings and cash flow assumptions and slightly adjusting discount rate and P/E expectations.
Narrative Update Apr 20

RCI.B: Future Returns Will Depend On Execution Under Rising Price War Risk

Rogers Communications' updated CA$50.00 analyst price target reflects a modest reset as analysts weigh recent CA$1.50 to CA$3.00 target cuts against earlier increases and factor in more cautious assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research moves around Rogers Communications highlight a more cautious tone, with several bearish analysts revisiting their price targets and ratings after a period of earlier target lifts.
Narrative Update Apr 05

RCI.B: Wireless And Satellite Expansion Will Offset Rising Price War Concerns

Analysts have trimmed the Rogers Communications price target by about CA$0.65 to reflect slightly softer revenue growth and profit margin assumptions, a modestly higher discount rate, and a somewhat richer future P/E multiple in light of recent sector-wide price war concerns and mixed broker target revisions. Analyst Commentary Recent research on Rogers Communications shows a split view, with some analysts trimming price targets on pricing pressure concerns while others are still lifting targets on valuation and execution factors.
Narrative Update Mar 22

RCI.B: Future Returns Will Hinge On IoT Execution And Margin Delivery

Narrative Update on Rogers Communications The analyst fair value estimate for Rogers Communications has shifted from CA$41.11 to CA$50.00 as analysts factor in a lower discount rate, revised revenue growth and margin expectations, and updated P/E assumptions following recent price target increases from firms such as TD Securities, Canaccord, TD Cowen, Barclays, and Scotiabank. Analyst Commentary Recent price target updates for Rogers Communications cluster in a relatively tight range, with several research desks adjusting their models and valuation assumptions.
Narrative Update Mar 08

RCI.B: Wireless And Satellite Expansion Will Support Measured Upside Potential

Rogers Communications' updated fair value price target edges slightly lower to CA$59.75, even as several firms lift their Street targets by CA$1 to CA$3. Analysts generally point to refreshed views on valuation multiples and modest tweaks to growth and profitability assumptions.
Narrative Update Feb 21

RCI.B: Rising Confidence In Future Cash Flows And Earnings Multiple

Analysts have nudged their fair value estimate for Rogers Communications higher to CA$72.29 from CA$70.45. This reflects a series of recent price target increases from firms such as Canaccord, TD Securities, TD Cowen, Barclays and Scotiabank that point to adjusted expectations for discount rates, growth and future P/E assumptions.
Analysis Article Feb 09

Additional Considerations Required While Assessing Rogers Communications' (TSE:RCI.B) Strong Earnings

Rogers Communications Inc. ( TSE:RCI.B ) announced strong profits, but the stock was stagnant. We did some digging, and...
Narrative Update Feb 07

RCI.B: Sustainable Pricing And Higher Future P/E Will Support Upside

Analysts have nudged their price targets on Rogers Communications higher, reflecting revised assumptions for slightly lower revenue growth and profit margins. This is offset by a modestly higher fair value estimate of about $59.87 and a higher future P/E multiple.
Analysis Article Feb 01

Rogers Communications (TSE:RCI.B) Is Paying Out A Dividend Of CA$0.50

Rogers Communications Inc.'s ( TSE:RCI.B ) investors are due to receive a payment of CA$0.50 per share on 2nd of April...
Narrative Update Jan 24

RCI.B: Sustainable Pricing And 2025 EBITDA Estimates Will Support Future Upside

Analysts have nudged their targets higher on Rogers Communications, with recent price objectives moving to C$58, C$62 and $36, citing steady pricing trends, cost efficiencies and updated EBITDA expectations as key supports for the revised outlook. Analyst Commentary Recent research updates show a generally constructive tone on Rogers Communications, with higher price targets linked to pricing, cost control and refreshed EBITDA views.
Narrative Update Jan 10

RCI.B: Sustainable Pricing And 2025 EBITDA Outlook Will Support Future Upside

Analysts have nudged their fair value estimate for Rogers Communications slightly lower to $59.34 from $59.46, even as they cite sustainable pricing trends and higher EBITDA expectations supported by recent price target increases across several firms. Analyst Commentary Recent Street research points to a cluster of higher price targets on Rogers Communications, with analysts anchoring their views in pricing power, EBITDA expectations and cost trends rather than broad market calls.
Analysis Article Jan 04

Is It Too Late To Consider Buying Rogers Communications Inc. (TSE:RCI.B)?

Today we're going to take a look at the well-established Rogers Communications Inc. ( TSE:RCI.B ). The company's stock...
Narrative Update Dec 18

RCI.B: Sustainable Pricing And 2025 EBITDA Expectations Will Support Upside Outlook

Analysts have nudged their price targets on Rogers Communications modestly higher, with aggregate fair value estimates edging up by about $0.40 per share as they factor in sustainable pricing improvements, slightly stronger revenue growth, and higher 2025 EBITDA expectations, despite a marginally lower profit margin outlook. Analyst Commentary Recent Street research reflects a broadly constructive stance on Rogers Communications, with a series of incremental price target increases in both U.S. dollar and Canadian dollar terms.
Narrative Update Dec 03

RCI.B: Sustainable Pricing And Sports Upside Will Support Balanced Medium-Term Outlook

The analyst’s fair value estimate for Rogers Communications has inched higher by approximately $0.12 to about $59.04, as analysts lift price targets in response to sustainable pricing improvements, modestly stronger long term revenue and margin assumptions, and higher 2025 EBITDA expectations tied to lower costs and incremental sports related upside. Analyst Commentary Bullish analysts are generally constructive on Rogers Communications, pointing to a series of upward price target revisions in both Canadian dollar and U.S. dollar terms.
Narrative Update Nov 19

RCI.B: Sustainable Pricing And Lower Costs Will Support Modest Upside Potential

Rogers Communications’ fair value price target has been modestly raised from $58.69 to $58.93. This reflects analysts’ view that sustainable pricing improvements and lowered costs are supporting a more favorable outlook for the company.
Narrative Update Nov 04

RCI.B: Margin Improvements And Major League Sports Will Affect Earnings Outlook

Analysts have raised their price targets for Rogers Communications, reflecting an increase from approximately C$59 to as high as C$62. They cite improved margin forecasts, lower costs, and sustained growth expectations.
Analysis Article Oct 31

Rogers Communications (TSE:RCI.B) Is Paying Out A Dividend Of CA$0.50

The board of Rogers Communications Inc. ( TSE:RCI.B ) has announced that it will pay a dividend of CA$0.50 per share on...
Narrative Update Oct 21

Analysts Lift Targets for Rogers Communications as Revenue Outlook Improves Amid Positive Sector Trends

Analysts have modestly increased their price targets for Rogers Communications. This reflects a rise in estimated fair value to $56.84, driven by steady revenue growth forecasts and reinforced by recent positive sector research.
Narrative Update Sep 27

Satellite Texting And 5G Will Expand Rural Connectivity

Rogers Communications’ consensus price target saw a slight increase to CA$56.07, as analysts revised models upward following Q2 results that met or exceeded expectations and updated 2025 guidance, reflecting improved operational performance. Analyst Commentary Price targets were lifted due to Rogers Communications’ Q2 results being in line with or exceeding expectations on most key metrics.
Analysis Article Sep 06

Is Rogers Communications (TSE:RCI.B) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Aug 22

Rogers Communications (TSE:RCI.B) Has Affirmed Its Dividend Of CA$0.50

Rogers Communications Inc. ( TSE:RCI.B ) will pay a dividend of CA$0.50 on the 3rd of October. This means that the...
Analysis Article Jul 26

Rogers Communications (TSE:RCI.B) Has Affirmed Its Dividend Of CA$0.50

Rogers Communications Inc. ( TSE:RCI.B ) will pay a dividend of CA$0.50 on the 3rd of October. This means the dividend...
Analysis Article Jul 11

Is Rogers Communications Inc. (TSE:RCI.B) Potentially Undervalued?

Let's talk about the popular Rogers Communications Inc. ( TSE:RCI.B ). The company's shares saw a significant share...
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New Narrative Nov 07

Dynamic Equity Strategies And Network Innovations Fuel Telecom Triumph

Significant debt reduction and subscriber growth are set to enhance financial flexibility and revenue potential for Rogers Communications.

CEO Compensation Analysis

How has Tony Staffieri's remuneration changed compared to Rogers Communications's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

CA$7b

Dec 31 2025CA$15mCA$2m

CA$7b

Sep 30 2025n/an/a

CA$7b

Jun 30 2025n/an/a

CA$2b

Mar 31 2025n/an/a

CA$2b

Dec 31 2024CA$14mCA$1m

CA$2b

Sep 30 2024n/an/a

CA$2b

Jun 30 2024n/an/a

CA$879m

Mar 31 2024n/an/a

CA$594m

Dec 31 2023CA$13mCA$1m

CA$849m

Sep 30 2023n/an/a

CA$1b

Jun 30 2023n/an/a

CA$1b

Mar 31 2023n/an/a

CA$2b

Dec 31 2022CA$32mCA$1m

CA$2b

Sep 30 2022n/an/a

CA$2b

Jun 30 2022n/an/a

CA$2b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$5mCA$790k

CA$2b

Sep 30 2021n/an/a

CA$2b

Jun 30 2021n/an/a

CA$2b

Mar 31 2021n/an/a

CA$2b

Dec 31 2020CA$4mCA$757k

CA$2b

Sep 30 2020n/an/a

CA$2b

Jun 30 2020n/an/a

CA$2b

Mar 31 2020n/an/a

CA$2b

Dec 31 2019CA$5mCA$770k

CA$2b

Compensation vs Market: Tony's total compensation ($USD11.08M) is above average for companies of similar size in the Canadian market ($USD7.43M).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


CEO

Tony Staffieri (61 yo)

4.6yrs
Tenure
CA$15,447,931
Compensation

Mr. Anthony Staffieri, also known as Tony, FCPA, FCA, has been the President, Chief Executive Officer and Director of Shaw Communications Inc. He is President, CEO and Director of Rogers Communications Inc...


Leadership Team

NamePositionTenureCompensationOwnership
Edward Rogers
Executive Chairman29.1yrsCA$5.62m0.44%
CA$ 126.7m
Anthony Staffieri
President4.6yrsCA$15.45m0.00064%
CA$ 184.1k
Glenn Brandt
Chief Financial Officer4.4yrsCA$3.84m0.0010%
CA$ 296.2k
Mahes Wickramasinghe
President of Group Operations2.3yrsCA$4.06m0.00062%
CA$ 178.3k
Bret Leech
President of Residential2.3yrsCA$3.44m0.00064%
CA$ 184.1k
Mark Kennedy
Chief Technology Officer1.8yrsno data0%
CA$ 0
Iain Kennedy
Chief Information & Cyber Security Officer1.7yrsno datano data
Paul Carpino
Vice President of Investor Relationsno datano datano data
Marisa Wyse
Chief Legal Officer & Corporate Secretary4.4yrsno data0.000010%
CA$ 2.9k
Terrie Tweddle
Chief Brand & Communications Officer3.2yrsno datano data
Marisa Fabiano
Chief Human Resources Officer2.3yrsno data0%
CA$ 0
Thomas Turner
President of Business3.9yrsno data0.00018%
CA$ 51.8k
2.3yrs
Average Tenure
61yo
Average Age

Experienced Management: RCI.B's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Rogers
Executive Chairman29.1yrsCA$5.62m0.44%
CA$ 126.7m
Anthony Staffieri
President4.4yrsCA$15.45m0.00064%
CA$ 184.1k
John Tory
Independent Director2.2yrsCA$225.81k0.030%
CA$ 8.6m
Jan Innes
Independent Director4.7yrsCA$255.06k0.00018%
CA$ 51.8k
David Robinson
Independent Director4.2yrsCA$232.36k0.0011%
CA$ 316.4k
Bradley Shaw
Non-Independent Director3.2yrsCA$17.53m0.55%
CA$ 157.3m
Ivan Fecan
Independent Director4.7yrsCA$256.86k0.0020%
CA$ 586.7k
Michael Cooper
Independent Director4.7yrsCA$218.81kno data
Robert Gemmell
Independent Lead Director9.2yrsCA$317.36k0.0074%
CA$ 2.1m
Trevor English
Independent Director3.2yrsCA$229.81k0.00090%
CA$ 258.8k
Mohamed Lachemi
Independent Director4.2yrsCA$224.31kno data
Lisa Rogers
Non-Independent Director3.2yrsCA$218.81k0%
CA$ 0
4.3yrs
Average Tenure
62.5yo
Average Age

Experienced Board: RCI.B's board of directors are considered experienced (4.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 13:09
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rogers Communications Inc. is covered by 29 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amman SaeedAccountability Research Corporation
David McFadgenATB Cormark
Kannan VenkateshwarBarclays