Desjardins raises target for Rogers Communications stock to CAD 57.00
Published on 10/27/2026 at 20:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and cash flow
- Desjardins Securities raised its Rogers Communications target from CAD 55.00 to CAD 57.00 on October 26, 2026.
- Rogers generated CAD 1.11 billion in free cash flow in the third quarter of 2026.
- Rogers Communications stock was at EUR 28.51 at Lang & Schwarz on October 27, 2026.
Rogers Communications (ISIN CA7751092007) drew a higher valuation from Desjardins Securities on October 26, 2026, when the firm raised its target from CAD 55.00 to CAD 57.00. The analyst cited potential value from minority sales in Rogers' sports holdings, as Cantech Letter reported. Rogers Communications stock was trading at EUR 28.51 at Lang & Schwarz on October 27, 2026 at 8:00 p.m. CEST.
Target rises on sports value
The new Desjardins target is CAD 12.46, or 27.97 percent, above Rogers' CAD 44.54 TSX price at 3:02 p.m. ET on October 27, 2026. The firm kept its Buy rating and linked the higher valuation to possible minority sales involving the Toronto Maple Leafs, Toronto Blue Jays and Toronto FC.
Benzinga reported on October 26, 2026 that Scotiabank cut its target from USD 60.00 to USD 59.00. That separate view cited 17,000 net phone additions in the third quarter against a 59,000 consensus estimate.
Third-quarter cash flow strengthens
Rogers reported CAD 5.44 billion of revenue and CAD 482.00 million of net income for the third quarter ended September 30, 2026. Free cash flow reached CAD 1.11 billion, up 35.12 percent from CAD 820.00 million in the second quarter.
The company also spent CAD 524.00 million on capital expenditures in the third quarter, while its annual capital-spending target stood at CAD 2.50 billion to CAD 2.70 billion, according to Benzinga.
Valuation and reporting dates
Rogers had a CAD 24.1 billion market capitalization, a price to earnings ratio of 25.72 and a 52-week TSX range of CAD 41.76 to CAD 56.27 on October 27, 2026. The stock's CAD 44.54 quote sat CAD 11.73 below the yearly high.
Rogers released its third-quarter results on October 23, 2026. The company also declared a quarterly dividend of CAD 0.50 per share that day, according to the Rogers investor-relations page.
Comparison with peers
Rogers Communications: price to earnings ratio 25.72, market capitalization CAD 24.1 billion.
BCE: price to earnings ratio 4.19, market capitalization CAD 26.4 billion.
TELUS: price to earnings ratio minus 21.12, market capitalization CAD 19.0 billion.
Stock price stays below its yearly high
Rogers combines a CAD 57.00 Desjardins target with third-quarter revenue of CAD 5.44 billion and free cash flow of CAD 1.11 billion. The next valuation debate centers on cash generation, sports-asset monetization and subscriber growth.
The further course of trading is shown by the continuously updated real-time quote of Rogers Communications stock.
Rogers Communications market facts
- Company: Rogers Communications Inc.
- ISIN: CA7751092007
- Ticker: RCI.B
- Primary exchange: Toronto Stock Exchange
- Price Lang & Schwarz (as of October 27, 2026, 8:00 p.m. CEST): EUR 28.51
- Market capitalization: CAD 24.1 billion (as of October 27, 2026)
- 52-week range: CAD 41.76-CAD 56.27 (as of October 27, 2026)
- Sector / Industry: Communication Services / Wireless Telecommunications Services
Market context: Market report S&P/TSX Composite.
