Core Viewpoint - The Toronto Blue Jays' success in reaching the World Series is expected to positively impact Rogers Communications Inc.'s financial performance and shareholder value, enhancing the company's investments in sports team ownership and broadcasting rights [1] Company Summary - Rogers Communications Inc. is experiencing excitement due to the Blue Jays' return to the World Series for the first time since 1993, which analysts believe will contribute positively to the company's fourth-quarter results [1] - The company is anticipated to acquire Kilmer Group's 25% stake in Maple Leaf Sports and Entertainment (MLSE) by next July, which is seen as a significant future monetization opportunity [1] - Analysts have raised their price targets for Rogers, with Desjardins increasing it to $56 from $53 and TD Cowen raising it to $64 from $62, indicating strong investor confidence [1] Industry Summary - The World Series coincides with the start of the NHL and NBA seasons, providing a boost to Rogers amidst a challenging outlook in the wireless network sector [1] - The competitive pricing environment among Canadian telecommunications companies is expected to stabilize, with upcoming Black Friday deals indicating future wireless pricing trends [1] - The valuation of the Blue Jays is expected to increase when the next round of sports team valuations is released in March 2026, further enhancing the company's asset value [1]
The Blue Jays could be this TSX-listed company's ticket to stock market gains as its sports division looks like a winner
Financialpost·2025-10-24 21:37