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    Why Rogers Communications (TSX:RCI.B) Is Back In The Spotlight

    Simply Wall St·08/29/2026 01:23:44
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    Event overview and why Rogers Communications stock is in focus

    Rogers Communications (TSX:RCI.B) has drawn fresh investor attention after the Eastern Ontario Regional Network confirmed completion of the CAD 300 million EORN Cell Gap Project, a large public private partnership expanding wireless and 5G coverage.

    The project involved CAD 150 million from Rogers Communications alongside contributions from federal, provincial and municipal partners. With hundreds of new and upgraded sites now active, investors are assessing how this long term infrastructure build fits into the company’s broader telecom footprint.

    At around CA$50.85, Rogers Communications has seen a 1-month share price return of 3.86%, while the 1-year total shareholder return of 7.38% contrasts with a 5-year total shareholder return that is slightly negative, which suggests recent momentum has improved even as longer term results remain more muted.

    Spot similar infrastructure driven stories by scanning our hand picked 38 power grid technology and infrastructure stocks, which could also be benefiting from large scale connectivity and network investment.

    Rogers Communications now trades at a double digit discount to both analyst targets and an intrinsic value estimate after a recent rebound. Is the market being fairly cautious given its mixed return record, or overlooking value here?

    Most Popular Narrative: 15.8% Undervalued

    The most followed narrative currently places fair value for Rogers Communications at CA$60.38 compared with the last close of CA$50.85. That gap hinges on how investors view future cash flow resilience, rural expansion and the role of sports and media assets.

    The continued deployment and expansion of 5G and Wi-Fi 7 infrastructure, along with the introduction of advanced services like fixed wireless internet and bundled offerings, allows Rogers to capitalize on increasing mobile data consumption and connected device proliferation, supporting both subscriber additions and higher margins in future periods.

    Read the complete narrative. Read the complete narrative.

    Want to understand why this fair value sits meaningfully above today’s price? The narrative leans heavily on future margin structure, modest revenue growth and a richer earnings multiple than the company currently trades on.

    Result: Fair Value of CA$60.38 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, investors still need to weigh regulatory pressure on pricing and access, along with high post acquisition leverage, both of which could challenge the Rogers Communications upside case.

    Find out about the key risks to this Rogers Communications narrative.

    Next Steps

    With both risks and rewards in play around Rogers Communications, it makes sense to move quickly and review the underlying data yourself. To see the full picture of concerns and potential upsides that other investors are flagging, start with these 4 key rewards and 3 important warning signs.

    Looking for more investment ideas beyond Rogers Communications?

    If you stop with Rogers Communications, you risk missing other opportunities that fit your style. Use the Simply Wall Street Screener to quickly surface focused ideas.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.