Desjardins Maintains Buy Rating on Rogers Comm Cl A with C$51.00 Price Target

Rogers Comm Cl A (RCI.A) received a Buy rating and a C$51.00 price target from Desjardins analyst Jerome Dubreuil. The company reported Q1 revenue of C$4.98 billion and a net profit of C$280 million, compared to C$4.9 billion and C$256 million respectively last year. The analyst consensus on Rogers Comm Cl A is a Strong Buy with an average price target of C$53.29, a 7.48% upside from current levels.

Title: Rogers Communications Inc. (RCI.A) Upgraded by Desjardins Analyst; Price Target Raised to C$51.00

Rogers Communications Inc. (RCI.A) has received a significant upgrade from Desjardins analyst Jerome Dubreuil, who has raised the price target for the company to C$51.00 and maintained a "buy" rating. This follows the company's strong performance in the first quarter of 2025, with reported revenue of C$4.98 billion and a net profit of C$280 million, compared to C$4.9 billion and C$256 million, respectively, in the same period last year.

The analyst cited several factors contributing to the upgrade, including the company's recovery from lows in April, driven by broader market gains and improved wireless pricing discipline. Dubreuil also noted that while the potential monetization of Rogers' sports assets remains a key catalyst, the recovery has been driven by more immediate factors such as improved wireless pricing and cost containment.

The upgrade comes as Rogers Communications continues to outperform its peers, with a year-to-date return of 6% compared to the S&P/TSX's 11% gain. The analyst consensus on Rogers Communications remains a strong buy, with an average price target of C$53.29, indicating a 7.48% upside from current levels.

Analysts at other firms have also expressed optimism about Rogers Communications' prospects. TD Securities analyst Vince Valentini raised his price target to C$58 from C$57 and reiterated a "buy" rating, while Canaccord Genuity analyst Aravinda Galappatthige raised his price target to C$52 from C$48 and reiterated a "buy" rating. These upgrades highlight the growing confidence in Rogers Communications' ability to navigate market challenges and capitalize on growth opportunities.

As Rogers Communications continues to navigate a complex market landscape, the upgrades from prominent analysts suggest that investors may find value in the company's stock, particularly given the potential for further earnings growth and a re-rate in the stock price.

References:
[1] https://www.theglobeandmail.com/investing/markets/inside-the-market/article-thursdays-analyst-upgrades-and-downgrades-268/