RBC Adjusts Price Target On Three Canadian Telecoms

RBC Capital Markets adjusted its price target on three Canadian telecom companies Thursday.Analyst Drew McReynolds raised his target on Cogeco Communications Inc. (CCA.TO) to $77 from $76 (Sector Perform) and Quebecor Inc. (QBR-B.TO) to $60 from $57 (Sector Perform), and reduced his target on TELUS Corp. (T.TO) to $22 from $23 (Outperform).McReynolds maintained his $39 target and Outperform rating on BCE Inc. (BCE.TO), and $61 target and Outperform rating on Rogers Communications Inc. (RCI-B.TO)."As Canadian telecom investors stare at another transition-like year in 2026, we believe the relative winners will be the operators that exceed expectations with respect to the controllables - execution on new revenues, EBITDA/FCF margin expansion and balance sheet/crystallization initiatives," the analyst said in a note to clients.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

-- RBC Capital Markets adjusted its price target on three Canadian telecom companies Thursday.

Analyst Drew McReynolds raised his target on Cogeco Communications Inc. (CCA.TO) to $77 from $76 (Sector Perform) and Quebecor Inc. (QBR-B.TO) to $60 from $57 (Sector Perform), and reduced his target on TELUS Corp. (T.TO) to $22 from $23 (Outperform).

McReynolds maintained his $39 target and Outperform rating on BCE Inc. (BCE.TO), and $61 target and Outperform rating on Rogers Communications Inc. (RCI-B.TO).

"As Canadian telecom investors stare at another transition-like year in 2026, we believe the relative winners will be the operators that exceed expectations with respect to the controllables - execution on new revenues, EBITDA/FCF margin expansion and balance sheet/crystallization initiatives," the analyst said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)