Rogers Communications Inc.
boothcheck covers Rogers Communications Inc. (RCI) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
The balance sheet is both the question and, increasingly, the answer. Rogers carries large debt from the Shaw merger, but leverage improved to 3.8 times in the first quarter of 2026 and management is accelerating the paydown with a step-down in capital spending and rising free cash flow. The price is strikingly low against the business. At $37.61 the market pays roughly 7 times company-wide operating income, a multiple so low it sits below what even a 5%-a-year decline in operating profit would
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302 institutional managers reported holding RCI in 13F filings for the quarter ended 2026-03-31. Together they hold about 45% of the company; the top 10 hold 26%. 43 opened new positions that quarter. Held by Arrowstreet Capital, Geode Capital, Morgan Stanley, among others. On the short side, 13.7M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (12.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RCI's share count grew 6.9% over the past five years. It pays a dividend, and has paid one every year in our records (10 and counting). Cash returned over the past three years: $1.92B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.