Rogers Communications (RCI) Poised to Unlock Value From Sports Assets, TD Cowen Reaffirms Buy

Rogers Communications Inc. (NYSE:RCI) ranks among the best telecom stocks to invest in. Citing substantial potential value in the company’s sports assets, TD Cowen reaffirmed its Buy rating and $64 price target for Rogers Communications Inc. (NYSE:RCI) on December 1. With a path to surface value over the following two years, the firm emphasized sports monetization as a “meaningful and highly visible catalyst” that investors have yet to fully recognize.

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According to TD Cowen, the gross valuation of Rogers Communications’ sports teams is $13.9 billion, which includes full ownership of the Blue Jays and 75% ownership of MLSE. Following a 25% holding company/tax reduction, the adjusted value equals $10.5 billion.

Rogers Communications Inc. (NYSE:RCI) reported strong third-quarter performance in 2025. The company’s revenue totaled C$5.34 billion, a 4% increase from the previous year. Services revenue came in at C$4.7 billion, up 4% from the same period last year. The company also introduced Rogers Satellite, which currently offers three times greater geographic coverage to Canadians than competitors.

Rogers Communications Inc. (NYSE:RCI) is a leading Canadian communications and entertainment company that specializes in wireless communications, cable television, telephony and internet services. The company has significant additional telecommunications and mass media assets and boasts one of the most extensive and advanced high-speed wireless networks in Canada.

While we acknowledge the potential of RCI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RCI and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.