Tag Archives: upgraded

Rogers, Telus upgraded on CRTC decision

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Telus Corp. and Rogers Communications Inc. were upgraded to the equivalent of a buy rating by Scotiabank on Thursday, following a decision through the Canadian Radio-television and Telecommunications Commission that found the present wireless roaming environment “insufficient,” but opted to delay any changes to the present pricing scheme. “We feel the timing for the permanent rate might be one year ...

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CN Rail upgraded on rare valuation opportunity

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Canadian National Railway Co.’s 14-per-cent pullback since Feb. 1 and material underperformance versus United states equity indexes have the stock trading below 16x estimated earnings per share for 2016. That’s within the lower 1 / 2 of its three-year historical range along with a significant discount to the S&P 500. This is a rare occurrence, especially in the past 5 ...

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Canadian National Railway Co upgraded after strong Q2 earnings

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Canadian National Railway Co. was upgraded to purchase from hold at Canaccord Genuity after its second-quarter results exceeded analysts’ estimates. The gains were driven in large part by the company’s rapid cost reductions in response to a downturn sought after – something analysts didn’t see happening so quickly. Canaccord analyst David Tyerman, who also raised his price target on CN ...

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Precision Drilling Corp. upgraded, dividend hike expected

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It may seem strange to listen to that an energy-related clients are being upgraded, but that’s precisely what happened for Precision Drilling Corp. The Calgary-based oilfield services company got a ratings lift to outperform from neutral at Scotiabank after its second-quarter results showed its resiliency. Despite management’s acknowledgement that there\’s very little visibility at the macro level, with no expectation ...

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