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Rogers Communications Inc.NYSE:RCI Stock Report

Market Cap US$19.5b
Share Price
US$35.71
US$44.03
18.9% undervalued intrinsic discount
1Y40.8%
7D-2.4%
Portfolio Value
​
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Rogers Communications Inc.

NYSE:RCI Stock Report

Market Cap: US$19.5b

Rogers Communications (RCI) Stock Overview

Operates as a communications, sports, and entertainment company in Canada. More details

RCI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends5/6

Rewards

Trading at 17.1% below our estimate of its fair value

Earnings grew by 301.1% over the past year

Pays a reliable dividend of 4.08%

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 23.3%

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 30.1% per year for the next 3 years

Large one-off items impacting financial results


RCI Community Fair Values

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Rogers Communications Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Rogers Communications
Historical stock prices
Current Share PriceCA$35.71
52 Week HighCA$41.14
52 Week LowCA$25.05
Beta0.78
1 Month Change7.30%
3 Month Change-7.96%
1 Year Change40.81%
3 Year Change-26.51%
5 Year Change-30.21%
Change since IPO495.17%

Recent News & Updates

Seeking Alpha • Apr 23

Rogers Communications: Strong Capex Reduction Boosts Free Cash Flow

Summary Rogers Communications delivered a robust Q1, with a net profit of C$482 million and EPS up nearly 60% year-over-year. RCI's free cash flow exceeded expectations due to lower capex, with guidance for sustained reduced capex through 2026. Management now anticipates 2026 net free cash flow of C$4.1 billion–C$4.3 billion, supporting accelerated debt reduction and dividend coverage. Despite sector pricing pressures, an 8.5% FCF yield implies fair value near C$75/share, presenting an attractive entry point. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 23

Rogers Communications: Strong Capex Reduction Boosts Free Cash Flow

Summary Rogers Communications delivered a robust Q1, with a net profit of C$482 million and EPS up nearly 60% year-over-year. RCI's free cash flow exceeded expectations due to lower capex, with guidance for sustained reduced capex through 2026. Management now anticipates 2026 net free cash flow of C$4.1 billion–C$4.3 billion, supporting accelerated debt reduction and dividend coverage. Despite sector pricing pressures, an 8.5% FCF yield implies fair value near C$75/share, presenting an attractive entry point. Read the full article on Seeking Alpha
Seeking Alpha • Feb 18

Rogers Communications: Focusing On Debt Reduction Will Prove Fruitful

Summary Rogers Communications' share price decline in 2025 is overdone; the company trades at the lowest EV/EBITDA multiple among peers and has a clear debt reduction strategy. RCI's high debt stems from acquiring Shaw Communications and potentially MLSE; however, synergies and strategic benefits are expected to help drive future growth. A potential $7 billion structured equity investment and strong free cash flow will aid debt reduction, positioning Rogers to improve its financial standing relative to Bell and Telus. Rogers' disciplined capital allocation and lower dividend payout ratio enhance financial flexibility, potentially leading to EV/EBITDA multiple re-rating above peers if debt reduction is successful. Read the full article on Seeking Alpha
Seeking Alpha • Sep 27

Rogers Communications Continues To Execute

Summary I maintain a strong buy rating on Rogers Communications with a price target of $52.00, reflecting a 29% upside from today's pricing. Strong Q1 earnings, early synergy savings, and disciplined pricing support Rogers' undervaluation and robust dividend payout. Rogers' 5G Home Internet and cost reductions enhance growth potential, with additional margin opportunities from ongoing efficiencies and reduced capital expenses. Competitive risks are mitigated by Rogers' brand perception moat, improved balance sheet, and strategic execution in the wireless and cable segments. Read the full article on Seeking Alpha
Seeking Alpha • Jul 03

Rogers Communications: Improving Outlook And Progress On Shaw Integration (Upgrade)

Summary Rogers Communications is a major telecommunications company in Canada with a large customer base and a dominant market position. RCI operates in a regulated industry, which limits competition but also requires investment in underserved areas. The combination of business improvements, an improving outlook, and a 20% drop in shares indicates the worst may be behind the company. APRU growth, margin expansion, and higher than expected synergies being realized are reasons to be bullish, but the capex and leverage concerns persist. Read the full article on Seeking Alpha
Seeking Alpha • Apr 27

Rogers Communications Q1 Earnings: Nothing But Good News

Summary Q1 earnings for Rogers Communications exceeded expectations, with adjusted EPS of $0.73 and service revenue growth of 28% year-over-year. The completion of $1 billion of synergy activities within the quarter delivered strong results, with Adjusted EBITDA outpacing service revenue growth. The potential for growth from 5G Home Internet and accelerated deleveraging make Rogers Communications a strong buy with a price target of $51.80. Read the full article on Seeking Alpha
Seeking Alpha • Jan 18

Rogers Communications: The Worst Of The Canadian Telecommunications Giants

Summary Rogers Communications is losing customers to competitors, impacting growth and profitability. The regulatory environment for telecommunications companies in Canada is becoming less favorable, potentially leading to lower prices and reduced profitability. The recent actions of the Rogers family in the company's governance raise concerns about shareholder interests and the level of control they have over the company. With a highly levered balance sheet and high capex costs, I would stay away from Rogers' shares today. Read the full article on Seeking Alpha
Seeking Alpha • Nov 27

Rogers Communications: Growth In ARPU And Lower Debt Leverage Ratio Encouraging

Summary Rogers Communications has shown strong growth in revenue and earnings, driven by the acquisition of Shaw Communications. The increase in postpaid churn has led to a decline in customer lifetime value. That said, higher churn is not unique to Rogers and reflects increased competition across the industry more generally. Given continued growth in ARPU, I continue to take a bullish view on Rogers Communications stock. Read the full article on Seeking Alpha
Seeking Alpha • Oct 11

Hidden Assets And Improved Cash Flow Make Rogers Communications A Buy

Summary Rogers Communications is an underappreciated stock due to a lack of interest in yield-paying assets, family boardroom drama, and an uncertain outlook after a big acquisition. The company's recent acquisition of Shaw Communications has expanded its wireline footprint and increased its subscriber base, which should translate into much higher earnings. Rogers' ownership stake in various sports teams are hidden assets that provide additional value to investors. Read the full article on Seeking Alpha

Shareholder Returns

RCIUS Wireless TelecomUS Market
7D-2.4%-1.2%0.5%
1Y40.8%-15.0%25.4%

Return vs Industry: RCI exceeded the US Wireless Telecom industry which returned -15% over the past year.

Return vs Market: RCI exceeded the US Market which returned 25.4% over the past year.

Price Volatility

Is RCI's price volatile compared to industry and market?
RCI volatility
RCI Average Weekly Movement5.3%
Wireless Telecom Industry Average Movement7.9%
Market Average Movement7.2%
10% most volatile stocks in US Market16.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: RCI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: RCI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196025,000Tony Staffieriwww.rogers.com

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.

Rogers Communications Inc. Fundamentals Summary

How do Rogers Communications's earnings and revenue compare to its market cap?
RCI fundamental statistics
Market capUS$19.49b
Earnings (TTM)US$5.14b
Revenue (TTM)US$16.19b
3.8x
P/E Ratio
1.2x
P/S Ratio

Is RCI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RCI income statement (TTM)
RevenueCA$22.22b
Cost of RevenueCA$12.29b
Gross ProfitCA$9.93b
Other ExpensesCA$2.88b
EarningsCA$7.05b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)13.05
Gross Margin44.69%
Net Profit Margin31.74%
Debt/Equity Ratio171.0%

How did RCI perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
15%
Payout Ratio

Does RCI pay a reliable dividends?

See RCI dividend history and benchmarks
When do you need to buy RCI by to receive an upcoming dividend?
Rogers Communications dividend dates
Ex Dividend DateJun 09 2026
Dividend Pay DateJul 06 2026
Days until Ex dividend25 days
Days until Dividend pay date52 days

Does RCI pay a reliable dividends?

See RCI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/14 23:11
End of Day Share Price 2026/05/14 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 30 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