BCE is on the rise awaiting CRTC decision on Astral Media this afternoon
Rogers, Telus smacked with downgrades on Verizon threat, buying Cdn. wireless start-ups to enter the high margin Cdn. wireless market.
RBC and BMO Nesbitt Burns downgraded their ratings on Rogers Communications Inc. and Telus Corp. to “sector perform” from “outperform.”
RBC slashed its price target on Rogers to $43 from $54; on Telus to $38 from $31, and on BCE Inc. to $40 from $48.
BMO cut its price target on Rogers to $45 and on Telus to $35.
@@@@@OTTAWA-GATINEAU, June 27, 2013 — Today, the Canadian Radio-television and Telecommunications Commission (CRTC) approved an application by Astral Media Inc. to sell its pay and specialty television channels, conventional television stations and radio stations to BCE Inc. The CRTC’s approval comes with a number of conditions that are necessary to uphold the public interest.@@@@