Rogers Communications Shares Soar 1.45% on Blackstone Investment

Rogers Communications (RCI) shares surged 1.45% intraday, reaching their highest level since March 2025, marking a 0.67% increase for the day and a 1.30% rise over the past two days.

The strategy of buying RCI shares after they reached a recent high and holding for one week yielded strong results over the past five years. The strategy achieved an overall return of 274.29%, significantly outperforming the benchmark return of 25.59%. The excess return generated by the strategy was 248.70%, indicating that it delivered substantial gains relative to the benchmark. With a CAGR of 46.76% and a maximum drawdown of -21.99%, the strategy also showcased its risk management capabilities, highlighting a Sharpe ratio of 1.24 and a volatility of 37.64%.

Rogers Communications recently completed a CDN$7 billion equity investment deal with Blackstone. This substantial investment is designed to bolster Rogers' financial standing and support its growth strategies. The investment is anticipated to positively influence the company's stock performance, as reflected in the latest analyst rating, which recommends a Buy with a price target of C$54.00. Additionally, Rogers Communications reported consistent growth in its Q1 2023 earnings, further enhancing the optimistic outlook for the company's stock.