Barclays cut shares of Rogers Communications (TSE:RCI – Free Report) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.
Rogers Communications Price Performance
Rogers Communications (TSE:RCI – Get Free Report) last released its earnings results on Thursday, October 24th. The company reported C$1.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.37 by C$0.05. During the same period in the prior year, the company posted $1.27 EPS.
Insider Activity
In related news, Director Robert Gemmell purchased 20,000 shares of Rogers Communications stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost 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 company’s stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average price of C$50.88 per share, with a total value of C$34,344.68. Following the acquisition, the director now directly owns 675 shares of the company’s stock, valued at C$34,344.68. The trade was a ∞ increase in their position.
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