UPDATE: Macquarie Upgrades Rogers Communications (RCI) to Outperform

September 19, 2013 7:50 AM EDT Send to a Friend
Get Alerts RCI Hot Sheet
Price: $35.20 -0.54%

Rating Summary:
    3 Buy, 14 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 48 | New: 12
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(Updated - September 19, 2013 8:23 AM EDT)

Macquarie upgraded Rogers Communications (NYSE: RCI) from Neutral to Outperform. Analyst Greg MacDonald thinks the stock will benefit from less competition than expected, as major U.S. carriers probably didn't participate in wireless spectrum auction. In his view, a list of bidders published on September 23rd will likely include private equity firms.

For an analyst ratings summary and ratings history on Rogers Communications click here. For more ratings news on Rogers Communications click here.

Shares of Rogers Communications closed at $42.82 yesterday.

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