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

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

Rogers Communications Price Performance

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

Insider Activity

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