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

Rogers Communications Inc. (NYSE:RCI) is included among the 13 Best Blue Chip Stocks to Buy Under $50.

Morgan Stanley, on December 10, lifted its price target on Rogers Communications Inc. (NYSE:RCI) to C$50 from C$46 and maintained an Underweight rating on the shares. The update came as part of a broader 2026 outlook on the telecom and cable service sector.

Rogers Communications Inc. (NYSE:RCI) posted solid results for the third quarter of 2025. The revenue came in at C$5.34 billion, which marked a 4% increase from a year ago. Services revenue was C$4.7 billion, also up 4% from the same period last year. Alongside the financial results, the company highlighted several operational achievements.

During the quarter, Rogers Communications Inc. (NYSE:RCI) launched Rogers Satellite, which now provides Canadians with three times more geographic coverage than any other carrier. The company also activated 5G service across 4,650 meters of tunnels in the Toronto Transit Commission subway system. It also partnered with the federal government to launch the Connected Robotics Living Lab to support research in 5G and AI. In addition, Rogers continued rolling out next-generation WiFi 7 technology across the country.

Rogers Communications Inc. (NYSE:RCI) is one of Canada’s largest diversified media and telecom companies, offering a broad range of services to consumers and businesses.

While we acknowledge the potential of RCI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Best Stocks to Buy for the Long Term and11 Best Low Priced Dividend Stocks to Buy According to Analysts.

Disclosure: None.