RCI.B, CA7751092007

RBC keeps CAD 58.00 target for Rogers Communications stock

Published on 10/17/2026 at 21:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rogers reports third-quarter results on October 23, 2026. Rogers Communications stock closed at CAD 45.22 on October 16, 2026, down 0.07 percent on TSX.

Target and quarterly figures

On October 15, 2026, RBC Capital maintained a CAD 58.00 target for Rogers Communications.
Second-quarter service revenue rose 8.00 percent to CAD 5.1 billion.
Rogers Communications stock closed at CAD 45.22 on October 16, 2026 at 4:00 p.m. ET, down 0.07 percent on TSX.
Rogers Communications had a P/E ratio of 3.93 as of October 16, 2026.

RCI.B, CA7751092007, Illustration mit AI erstellt.

RBC Capital maintained a Buy rating and a CAD 58.00 price target for Rogers Communications on October 15, 2026, putting the target 28.26 percent above the TSX closing price of CAD 45.22. The stock closed down 0.07 percent on October 16, 2026 at CAD 45.22 on the TSX, according to Markets Insider.

Second-quarter growth was broad

Rogers delivered second-quarter 2026 consolidated service revenue of CAD 5.1 billion, an 8.00 percent year-over-year increase. Adjusted EBITDA rose 3.00 percent to CAD 2.4 billion, while free cash flow increased 6.00 percent to CAD 1.0 billion, according to the Yahoo Finance transcript of the July 22, 2026 earnings call.

The media business supplied the largest operating comparison. Second-quarter media revenue reached CAD 1.2 billion, up 53.00 percent year over year, while organic sports and media revenue increased 13.00 percent. The same call reported 40,000 wireless net additions and 17,000 retail internet additions.

Stock valuation and trading range

Rogers Communications traded between CAD 41.76 and CAD 56.27 over the 52-week period through October 16, 2026. The closing price of CAD 45.22 stood 19.60 percent below the 52-week high, according to MarketWatch.

Valuation and upcoming results

The finance profile showed a P/E ratio of 3.93 and a market capitalization of USD 17.3 billion as of October 16, 2026. Rogers pays a quarterly dividend of CAD 0.50 per share, equivalent to a 6.30 percent yield, according to MarketBeat.

Rogers plans to release third-quarter 2026 results before North American markets open on October 23, 2026, with its investor call scheduled for 8:00 a.m. ET. The date was announced by Rogers Communications on September 28, 2026.

Comparison with peers

Rogers Communications (TSX, CAD): minus 0.07 percent, P/E 3.93
BCE (TSX, CAD): plus 0.52 percent, P/E 4.26, market capitalization CAD 26.8 billion
TELUS (TSX, CAD): plus 0.51 percent, dividend yield 12.00 percent, market capitalization CAD 18.8 billion

Price and investor dates

RBC Capital's CAD 58.00 target gives investors a dated valuation marker, while the October 23, 2026 results date provides the next scheduled company event. Rogers Communications stock closed at CAD 45.22 on October 16, 2026 at 4:00 p.m. ET on the TSX, down 0.07 percent versus the prior close.