Rogers Communications Inc Shares Soar 2.22% On CRTC Approval

Rogers Communications Inc (RCI) shares surged 2.22% today, reaching their highest level since March 2025 with an intraday gain of 2.33%.

The strategy of buying RCI shares after they reached a recent high and holding for one week yielded a 10.64% return over the past five years. However, this was significantly lower than the benchmark return of 89.60%, resulting in an excess return of -78.96% and a CAGR of 2.05%. The strategy also had a high volatility of 15.98% and a maximum drawdown of -41.18%, indicating a challenging risk-return profile.

Rogers Communications Inc (RCI) has received approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to expand its ownership in MLSE with NBA TV Canada and acquire Bell's interest in Toronto Raptors Network. This strategic move is expected to positively influence the company's stock price. The approval, granted on June 12, 2025, allows Rogers to strengthen its position in the sports broadcasting market, which could attract more investors and drive up the stock value.

In addition to the CRTC approval, Rogers Communications announced on June 4, 2025, that it has received all league approvals to buy NBA TV Canada. This acquisition is set to further enhance Rogers' market position and potentially boost its stock performance. The deal not only expands Rogers' content portfolio but also solidifies its presence in the competitive sports broadcasting industry, which is likely to be viewed favorably by investors.