RCI
Rogers Communications Inc.

Rogers Communications Inc.RCI

Communication Services · Telecom Services
33.34USD
-2.17%
Nov 09, 2026
RCI overview ready
National Canadian Wireless and Cable Network Operator Monetizing Mature Footprints
Rogers is a national Canadian owner-operator of wireless and cable networks whose earnings are principally exposed to mobile and fixed-broadband subscriptions; its media and sports assets add a secondary content-monetization leg.
Primary theme is improving
Telecom & Cable Carriers is improving (+3.7pp vs SPY over 21 sessions; 6 of 11 members ahead of SPY).
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Demanding valuation
The price embeds expectations that run ahead of the strength of its balance sheet.
Unremarkable fundamentals
Primary risk
Intense competition from other Canadian telecom operators and MVNOs.
Market Nov 6Price action Nov 8Research Oct 22

Conviction Level

PriceAction8.6BusinessPerformance—BusinessQuality—Valuation2.0ThemeMomentum7.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+3.7pp
Theme return
−1.3%
Beating SPY
6 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly SMA100. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$18.0B
Avg Volume (60D)
1.5M
60 sessions
Revenue Growth YoY
+8.8%
Trailing twelve months
Gross Margin
+22.9%
Trailing twelve months
Operating Margin
+22.9%
Trailing twelve months
Distance from 200DMA
-5.1%
Next Earnings
2027-01-28
P/E
28.0x
EV / Sales
3.0x
Market metrics as of Nov 8, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Rogers Communications Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the strength of its balance sheet. It trades at 3.0x revenue, which requires sustained delivery to be justified.

Company Research

Thesis
Rogers is a national Canadian owner-operator of wireless and cable networks whose earnings are principally exposed to mobile and fixed-broadband subscriptions; its media and sports assets add a secondary content-monetization leg. The story is still emerging, so the exposure is real but early.
Opportunity
Limited opportunity
Canadian facilities-based telecom operators are shifting from broad network-build cycles toward extracting service cash flow from mature wireless, cable, and fibre footprints while adapting to wholesale-access and MVNO competition.
Key risk
Intense competition from other Canadian telecom operators and MVNOs.

Economic classification

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Business & Markets

Communication Services · Telecom Services
What they do

Rogers Communications Inc. operates as a Canadian communications, sports, and entertainment company providing wireless, cable, and media services through owned networks and content assets.

How it earns

The company primarily generates revenue through subscription-based mobile and fixed broadband services, supplemented by device sales and content monetization.

Products & services
Mobile internet access
Wireless voice and enhanced voice
Device financing and protection
Global voice and data roaming
Wireless home phone
Machine-to-machine and IoT solutions
Cable broadband
Media and sports content
Customers & end markets
Residential consumers
Business customers
Media and sports audiences
Market position

Leading national Canadian telecom operator with integrated wireless, cable, and media assets.

Demand drivers
Medium cyclicality

Demand for telecom services is relatively stable but can be affected by economic cycles impacting consumer and business spending.