Wall Street Zen Upgrades Rogers Communication (NYSE:RCI) to Hold

Key Points

• Wall Street Zen upgraded Rogers Communication from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $35 price target.
• Rogers reported quarterly EPS of $0.92, beating estimates of $0.84, and revenue of $3.82 billion, up 1.8% year over year. However, EPS declined from $1.37 in the prior-year quarter due partly to a large accounting gain then.
• Shares were trading at $32.41 after declining 2.4%; institutional investors own 45.49% of the company, and recent results included record free cash flow, 17,000 net mobile additions, and a declared quarterly dividend of $0.50 per share.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also weighed in on RCI. Desjardins raised Rogers Communication from a "hold" rating to a "buy" rating in a research note on Monday, September 14th. Weiss Ratings lowered Rogers Communication from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, October 8th. Scotiabank reiterated an "outperform" rating on shares of Rogers Communication in a report on Tuesday. TD Securities reaffirmed a "buy" rating on shares of Rogers Communication in a research note on Thursday, July 23rd. Finally, Barclays lowered their price objective on shares of Rogers Communication from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 13th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Rogers Communication Trading Down 2.4%

Shares of RCI opened at $32.41 on Friday. Rogers Communication has a 52-week low of $29.25 and a 52-week high of $41.14. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 4.18 and a beta of 0.65. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a fifty day moving average price of $34.01 and a two-hundred day moving average price of $34.83.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings results on Friday, October 23rd. The Wireless communications provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. The business had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.79 billion. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. Rogers Communication's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. Analysts predict that Rogers Communication will post 3.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in shares of Rogers Communication by 10.2% in the 1st quarter. Parallel Advisors LLC now owns 3,377 shares of the Wireless communications provider's stock worth $130,000 after buying an additional 312 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Rogers Communication by 15.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,107 shares of the Wireless communications provider's stock valued at $119,000 after purchasing an additional 418 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Rogers Communication by 8.2% in the third quarter. Versant Capital Management Inc now owns 6,326 shares of the Wireless communications provider's stock worth $195,000 after buying an additional 480 shares in the last quarter. Squarepoint Ops LLC grew its position in Rogers Communication by 2.5% during the second quarter. Squarepoint Ops LLC now owns 21,669 shares of the Wireless communications provider's stock worth $704,000 after buying an additional 524 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Rogers Communication by 224.7% in the third quarter. IFP Advisors Inc now owns 1,445 shares of the Wireless communications provider's stock valued at $45,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

More Rogers Communication News

Here are the key news stories impacting Rogers Communication this week:

• Positive Sentiment: Rogers reported quarterly earnings of $0.92 per share, exceeding analyst expectations of approximately $0.84–$0.85. Revenue increased 1.8% year over year, while adjusted profit benefited from higher revenue. Rogers Communication Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management highlighted record free cash flow and the company’s lowest capital intensity in more than two decades. Capital spending fell 46% in the quarter, supporting near-term cash generation and potentially improving balance-sheet flexibility. Rogers Communications Reports Third Quarter 2026 Results
• Positive Sentiment: Rogers added 17,000 net mobile phone subscribers, and the board declared a quarterly dividend of $0.50 per share, payable January 5, 2027. Scotiabank also raised its FY2026 and FY2027 EPS forecasts to $3.34 and $3.51, respectively, while maintaining an “Outperform” rating. Rogers Communications Declares Quarterly Dividend
• Neutral Sentiment: The earnings beat was partly offset by the comparison with the prior year: reported EPS fell from $1.37 to $0.92, largely because the year-ago period included a significant accounting gain. Rogers Communications Profit Drops on Comparison, Revenue Rises
• Negative Sentiment: The sharp reduction in capital spending may raise concerns about the pace of future network investment and growth, while only 17,000 mobile additions suggest limited subscriber momentum. These concerns appear to be outweighing the adjusted earnings beat for some investors.

About Rogers Communication

Rogers Communications Inc is a Canadian communications and media company serving consumers, businesses and public-sector organizations across Canada. Its telecommunications operations provide wireless voice and data services, broadband internet, television, home phone and related connectivity products. The company also offers enterprise networking, cybersecurity, cloud and other information technology services.

Rogers operates a portfolio of media and sports properties, including Sportsnet, Citytv and OMNI Television, along with radio stations, digital platforms and publishing operations.

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