Barclays Downgrades Rogers Communications (TSE:RCI) to Hold

Rogers Communications (TSE:RCI) was downgraded by equities research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Rogers Communications Stock Performance

Rogers Communications (TSE:RCI) last announced its earnings results on Thursday, October 24th. The company reported C$1.42 EPS for the quarter, beating analysts’ consensus estimates of C$1.37 by C$0.05. During the same period in the previous year, the firm earned $1.27 EPS.

Insider Buying and Selling

In other Rogers Communications news, Director David Alan Robinson acquired 675 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price of C$50.88 per share, for a total transaction of C$34,344.68. Following the acquisition, the director now owns 675 shares in the company, valued at C$34,344.68. The trade was a ∞ increase in their position. Also, Director Robert Gemmell purchased 20,000 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of C$43.67 per share, with a total value of C$873,396.00.