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TD Securities Downgrades Rogers Communications (RCI) to Hold; Valuation Call

July 25, 2012 10:13 AM EDT
Get Alerts RCI Hot Sheet
Price: $41.07 -0.32%

Rating Summary:
    9 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 10
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TD Securities downgraded Rogers Communications (NYSE: RCI) from Buy to Hold with a price target of $42.00 (from $43.00).

Analyst, Vince Valentini, said, "With shares up about $3 since we upgraded on May 25, we are lowering our rating to a HOLD as there is no longer sufficient upside to our target price to justify a buy. Subsequent to the better financial and operating trends in Q2/12, we have modestly increased our forecasts for 2012 and 2013, which has pushed our target price up $1."

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 $38.24 yesterday.


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