12 Best Canadian Stocks With Huge Upside Potential

10. Rogers Communications Inc. (NYSE:RCI)

Number of Hedge Fund Holders: 16

Average Upside Potential as of June 20: 37.10%

Rogers Communications Inc. (NYSE:RCI) is one of the best Canadian stocks with huge upside potential. On June 12, the Eastern Ontario Regional Network/EORN and Rogers Communications jointly announced an expansion of Rogers’ 5G mobile services across Eastern Ontario. Since October 1, 2024, 63 new cell towers and an additional upgrade to an existing site have been completed, bringing Rogers 5G mobile services to 31 more communities in the region.

The expansion is part of the EORN Cell Gap Project, which is a $300-million public-private partnership designed to enhance cellular services in rural Eastern Ontario. Under the EORN Cell Gap Project, Rogers Communications is constructing ~332 new cell towers, which include both newly built and co-located sites shared with other providers. Currently, 195 new towers are operational and offer services in the region. All upgrades to 311 existing sites within the project have been completed, equipped with state-of-the-art 5G equipment.

EORN is a non-profit organization established by the Eastern Ontario Wardens’ Caucus/EOWC to foster economic development and growth by regionally improving broadband access and cell connectivity. Before the current Cell Gap Project, EORN led a $175 million public-private partnership from 2010 to 2014 that improved broadband access for nearly 90% of Eastern Ontario.

Rogers Communications Inc. (NYSE:RCI) is a communications and media company in Canada that operates through three segments: Wireless, Cable, and Media.