Rogers Communications (TSE:RCI) Cut to “Hold” at Barclays

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

Rogers Communications Price Performance

Rogers Communications (TSE:RCI) last issued its earnings results on Thursday, October 24th. The company reported C$1.42 EPS for the quarter, topping the consensus estimate of C$1.37 by C$0.05. During the same quarter in the previous year, the business earned $1.27 EPS.

Insider Buying and Selling

In other news, Director Robert Gemmell purchased 20,000 shares of the company’s stock in a transaction dated 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 purchased 675 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average cost of C$50.88 per share, with a total value of C$34,344.68. Following the purchase, the director now directly owns 675 shares in the company, valued at approximately C$34,344.68. The trade was a ∞ increase in their ownership of the stock.