Rogers Communications Inc. (RCI-B:CA)
Analyst Update
TD Securities maintained its Buy rating on Rogers Communications, reiterating its 12 month $64 target price, as analysts highlighted the company’s solid progress integrating the recently completed Shaw merger. TD noted that early operational synergies are materializing as expected, with improvements in network performance, subscriber retention, and cost efficiencies helping support the investment thesis. The firm also emphasized the resiliency of Rogers’ wireless growth, driven by stable average revenue per user (ARPU), disciplined promotional activity, and continued expansion of 5G services across Canada.
Stock Analysis
Analyst sentiment on Rogers remains favorable, with the consensus rating at a “Buy” The consensus 12-month target is $59.00, implying an upside of +12% from current levels. While technical models flag near-term pressure, resulting in a short-term “Sell” signal, from a fundamental angle analysts continue to see value supported by rising free cash flow, improving leverage trends post-merger, and the expectation of stronger earnings contributions from the expanded customer base.
From a current investment perspective, Rogers is viewed as a stable Canadian telecom with improving growth visibility, supported by merger execution, network investments, and a relatively defensive industry backdrop.
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