01:35 PM EDT, 10/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by CAD10 to CAD40, applying an EV/EBITDA multiple of 5.8x to our 2026 estimate, a discount to its 10-year historical average of 9.0x, reflecting the challenging market conditions. We increase our 2025 EPS estimate by CAD0.11 to CAD4.86 and trim 2026's by CAD0.07 to CAD4.90. Rogers experienced pressure on Wireless service revenue and average revenue per user (ARPU), primarily due to increased market competition, lower immigration levels, and declines in international roaming and wholesale revenue. These factors led to flat service revenue and a 3% Y/Y decrease in ARPU to CAD56.70, reflecting a challenging environment for growth in this segment. Across the entire sector, Wireless subscriber additions were lower compared to the prior year, attributed to continued lower immigration levels in Canada. This reduction in market growth represents an industrywide negative trend impacting Rogers and its competitors alike.