Barclays resumed coverage on Rogers Comms with a new price target
$RCI
Cable & Other Pay Television Services
Telecommunications
Barclays resumed coverage of Rogers Comms with a rating of Overweight and set a new price target of $55.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2025 | Hold → Buy | Canaccord Genuity | |
| 4/1/2025 | Sector Outperform → Sector Perform | Scotiabank | |
| 1/22/2025 | Overweight → Equal Weight | Barclays | |
| 1/14/2025 | Buy → Neutral | BofA Securities | |
| 12/16/2024 | Underweight | Morgan Stanley | |
| 7/25/2024 | Buy → Hold | Canaccord Genuity | |
| 11/10/2023 | Hold → Buy | Desjardins | |
| 9/15/2023 | Sector Perform → Outperform | RBC Capital Mkts |
Blackstone (NYSE:BX) has successfully closed its previously announced CDN$7 billion equity investment in Rogers Communications Inc. (TSX:RCI, NYSE:RCI). Under the terms of the transaction, funds managed by Blackstone Credit & Insurance ("BXCI") and leading Canadian institutional investors have acquired a non-controlling interest in a newly established subsidiary of Rogers that owns a portion of the company's wireless backhaul transport infrastructure. The Blackstone-led investor group includes Canada Pension Plan Investment Board (CPP Investments), Caisse de dépôt et placement du Québec (La Caisse), the Public Sector Pension Investment Board (PSP Investments), British Columbia Investmen
Proceeds will be used to repay debtRogers will maintain full operational control of its wireless network TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX:RCI, NYSE:RCI) today announced it has closed its CDN$7 billion equity investment from funds managed by Blackstone, backed by leading Canadian institutional investors. Blackstone has acquired a non-controlling interest in a new Canadian subsidiary of Rogers that owns a portion of Rogers wireless backhaul transport infrastructure. Rogers is maintaining full operational control of its network and will include the financial results of the subsidiary in its consolidated financial statements. "This transaction demon
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Rogers Communications (TSX:RCI) (NYSE:RCI) issued the following statement upon receiving approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to acquire Bell's interest in Toronto Raptors Network Ltd (NBA TV Canada): "We're pleased to receive all the necessary approvals to expand our ownership of MLSE. We look forward to closing this strategic deal in early July," said Tony Staffieri, President and CEO, Rogers. "MLSE is one of the most prestigious sports and entertainment organizations in the world, and live sports and entertainment are core to our business strategy." Rogers previously received approvals from the