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Rogers Communications Inc. (NYSE:RCI) is included among the many 13 Finest Blue Chip Shares to Purchase Underneath $50.
Picture by Steve Buissinne from Pixabay
Morgan Stanley, on December 10, lifted its value goal on Rogers Communications Inc. (NYSE:RCI) to C$50 from C$46 and maintained an Underweight ranking on the shares. The replace got here as a part of a broader 2026 outlook on the telecom and cable service sector.
Rogers Communications Inc. (NYSE:RCI) posted strong outcomes for the third quarter of 2025. The income got here in at C$5.34 billion, which marked a 4% enhance from a yr in the past. Providers income was C$4.7 billion, additionally up 4% from the identical interval final yr. Alongside the monetary outcomes, the corporate highlighted a number of operational achievements.
Through the quarter, Rogers Communications Inc. (NYSE:RCI) launched Rogers Satellite tv for pc, which now offers Canadians with thrice extra geographic protection than some other service. The corporate additionally activated 5G service throughout 4,650 meters of tunnels within the Toronto Transit Fee subway system. It additionally partnered with the federal authorities to launch the Related Robotics Residing Lab to help analysis in 5G and AI. As well as, Rogers continued rolling out next-generation WiFi 7 expertise throughout the nation.
Rogers Communications Inc. (NYSE:RCI) is one in every of Canada’s largest diversified media and telecom corporations, providing a broad vary of companies to shoppers and companies.
Whereas we acknowledge the potential of RCI as an funding, we consider sure AI shares supply higher upside potential and carry much less draw back threat. When you’re on the lookout for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.
READ NEXT: 15 Finest Shares to Purchase for the Lengthy Time period and11 Finest Low Priced Dividend Shares to Purchase In accordance with Analysts.
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