Rogers Communications (TSE:RCI) Downgraded to “Hold” Rating by Barclays

Barclays cut shares of Rogers Communications (TSE:RCI) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Rogers Communications Stock Performance

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

Insider Transactions at Rogers Communications

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