Rogers Communications Plunges 3.05% Amid Legal, Trade Woes

Rogers Communications (RCI) shares plummeted 3.05% today, marking the lowest level since April 2009, with an intraday decline of 4.53%.

Rogers Communications is currently facing a significant legal challenge from Videotron, a subsidiary of Quebecor Inc. Videotron has filed a lawsuit against Rogers for $91 million, alleging a breach of contract related to the Freedom Mobile deal. This legal dispute has added to the uncertainty surrounding the company's future prospects, contributing to the recent decline in its stock price.

In addition to the legal issues, Rogers Communications has also seen a downgrade in its analyst ratings. Bank of America lowered its rating from "buy" to "neutral," while Scotiabank downgraded it from "outperform" to "sector perform," also reducing their price target for the company. These changes in analyst sentiment reflect growing concerns about the company's financial health and future performance.

Trade tensions between the U.S. and Canada have also had an impact on Rogers Communications. The recent announcement of reciprocal tariffs and changes in trade policy have created economic uncertainty, which has indirectly affected Canadian companies, including Rogers. This geopolitical risk has added to the volatility in the company's stock price.

Despite these challenges, Rogers Communications did experience a temporary boost in its stock price following a C$7 billion equity investment reported on April 4, 2025. However, the recent legal and trade-related issues have overshadowed this positive development, leading to the current decline in the company's share price.