UBS Analyst Upgrades Rogers Communications to 'Buy' (at Seeking Alpha)

by: FP Trading Desk posted on: July 24, 2008 | about stocks: RCI With all the buzz created during the months-long wireless spectrum auction, Rogers Communications Inc. has seen its stock slide almost 10% on the Toronto Stock Exchange. But UBS analyst Jeffrey Fan believe the time is right for Rogers' shares to recover as he removes his "short term sell" rating on the stock and upgrades to a "buy." In a report to clients on Wednesday, Mr. Fan wrote: We believe investors have gained greater clarity on the new entrants’ strategies and their focus will now shift to Rogers’ upcoming quarterly results and the new entrants’ progress, which should help Rogers’ shares recover. With upcoming wireless rivals Shaw Communications Inc. and the financial backers from Globalive Communications Corp., Orascom Telecom, providing investors with... [read full story]