Morgan Stanley Updates Rogers Communications (RCI) Outlook Amid Shifting Telecom Dynamics

Company Overview - Rogers Communications Inc. is one of Canada's largest diversified media and telecom companies, offering a broad range of services to consumers and businesses [5] Financial Performance - For the third quarter of 2025, Rogers Communications reported revenue of C$5.34 billion, representing a 4% increase from the previous year [3] - Services revenue also increased by 4% year-over-year, amounting to C$4.7 billion [3] Operational Achievements - The company launched Rogers Satellite, providing Canadians with three times more geographic coverage than any other carrier [4] - 5G service was activated across 4,650 meters of tunnels in the Toronto Transit Commission subway system [4] - Rogers partnered with the federal government to launch the Connected Robotics Living Lab, focusing on research in 5G and AI [4] - The rollout of next-generation WiFi 7 technology continued across the country [4] Market Outlook - Morgan Stanley raised its price target for Rogers Communications to C$50 from C$46 while maintaining an Underweight rating on the shares [2]