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Rogers Expands Ownership in MLSE with NBA TV Canada Approval

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Confident Investing Starts Here:

An announcement from Rogers Comm Cl A ( ($TSE:RCI.A) ) is now available.

Rogers Communications has received approval from the Canadian Radio-television and Telecommunications Commission to acquire Bell’s interest in Toronto Raptors Network Ltd (NBA TV Canada), further expanding its ownership in Maple Leaf Sports & Entertainment (MLSE). This strategic acquisition, valued at C$4.7 billion, positions Rogers as a majority owner of MLSE, reinforcing its commitment to live sports and entertainment as a core business strategy.

The most recent analyst rating on ($TSE:RCI.A) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Rogers Comm Cl A stock, see the TSE:RCI.A Stock Forecast page.

Spark’s Take on TSE:RCI.A Stock

According to Spark, TipRanks’ AI Analyst, TSE:RCI.A is a Outperform.

Rogers Communications has a strong overall performance driven by robust financials and positive corporate developments. While technical indicators are mixed, the company’s strategic moves and moderate valuation enhance its attractiveness. High debt levels are an area to watch, but recent investments suggest proactive management of financial risk.

To see Spark’s full report on TSE:RCI.A stock, click here.

More about Rogers Comm Cl A

Rogers Communications Inc. is Canada’s leading communications and entertainment company, with publicly traded shares on the Toronto Stock Exchange and the New York Stock Exchange. The company focuses on providing a wide range of communication services and entertainment content.

Average Trading Volume: 2,729

Technical Sentiment Signal: Sell

Current Market Cap: C$20.48B

For a thorough assessment of RCI.A stock, go to TipRanks’ Stock Analysis page.