Canaccord Raises Rogers Communications Inc. (RCI) Price Target to C$57, Keeps Buy

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On January 30, Canaccord raised its terms people connected Rogers Communications Inc. (NYSE:RCI) to C$57 from C$55 portion maintaining a Buy rating, reflecting accrued assurance successful the company’s net trajectory and currency travel outlook. The upward revision follows a quarterly show that modestly exceeded expectations and reinforces the presumption that Rogers’ diversified plus basal is opening to construe into improved fiscal visibility. The maintained Buy proposal signals that, contempt ongoing competitory pressures successful wireless, the steadfast sees capable upside supported by operational momentum and valuation.

Rogers Communications Inc. (NYSE:RCI)’s fourth-quarter results surpassed forecasts, chiefly driven by spot successful the Media segment, wherever sports assets and precocious launched contented channels generated outsized contributions. This outperformance supported better-than-expected EBITDA and escaped currency flow. Management’s 2026 guidance was incrementally constructive, with work gross and escaped currency travel projections exceeding expert expectations, portion superior expenditure plans were somewhat reduced, implying stronger medium-term currency procreation and equilibrium expanse improvement. Although wireless work gross was level and ARPU remained pressured, stabilization successful churn and sequential betterment suggest that competitory strength whitethorn beryllium moderating. The Cable conception continued to supply a unchangeable net foundation, portion Media has emerged arsenic a meaningful upside lever erstwhile programming show aligns favorably. While leverage remains elevated, improving escaped currency travel and disciplined superior allocation enactment a manageable profile. A sum-of-the-parts valuation approach, applying differentiated EV/EBITDA multiples crossed wireless, cable, and media, indicates charismatic upside potential, underpinning the affirmative concern stance.

Founded successful 1960 and headquartered successful Toronto, Rogers Communications Inc. (NYSE:RCI) is simply a Canadian communications and media institution with operations spanning wireless services, cablegram television, telephony, internet, and nonrecreational sports assets. Its diversified level and integrated infrastructure presumption the institution to make resilient currency flows portion capitalizing connected content, connectivity, and information depletion trends.

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