$RCI.B

2 stories mentioning RCI.BUpdated 38d ago

Every FINWIRES story that references RCI.B, newest first.

Research Alert: CFRA Raises Opinion On Shares Of Rogers Communications To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by CAD15 to CAD55, applying an EV/EBITDA multiple of 6.5x to our 2026 estimate. We trim our 2026 EPS estimate by CAD0.04 to CAD4.86 and set 2027's at CAD5.04. Rogers announced plans to monetize its sports and media assets by bringing in external investors and expects the combined entity's value to exceed USD25B, which is anticipated to unlock significant unrecognized value and create new revenue and EBITDA synergies. It is nearing completion of its major multiyear investment cycle, allowing for a substantial reduction in capital spending while sustaining network leadership and reliability. The anticipated reduction in capital intensity (from 17% in 2025 to approximately 12% in 2026) positions Rogers for increased FCF and lower debt for the foreseeable future. Guidance for 2026 was upgraded, projecting reduced capex, increased FCF, and lower leverage, setting a strong financial outlook for the coming years.

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Research57d ago

Research Alert: Rogers Communications' Profit Jumps, Lowers Capital Expenditures

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Rogers delivered robust Q1 results, with total service revenue surging 10% to $4,912M, significantly outpacing 3%-5% guidance, though adjusted EBITDA margins compressed 220 bps to 43.1% due to MLSE consolidation. Adjusted EBITDA grew 5% to $2,364M, while Wireless maintained flat service revenue of $2,031M and expanded margins to 65.1% despite competitive pressures that reduced mobile ARPU by $1.34 to $55.60. The Media segment transformation validates Rogers' strategic vision, with revenue increasing 82% to $988M as MLSE operations drove exceptional performance and adjusted EBITDA improved $63M to break even. The company updated 2026 guidance, reducing capex to $2.5B-$2.7B from $3.3B-$3.5B and increasing FCF guidance to $4.1B-$4.3B. Rogers strengthened its financial position, with FCF growing 32% to $776M and debt leverage improving to 3.8x from 4.0x, positioning the company well for accelerated debt reduction and continued shareholder value creation in a challenging regulatory environment.

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