WebSify
Follow us on
Mail
Print

Morgan Stanley raises RComm to 'equal-weight'

Source : REUTERS
Last Updated: Tue, Mar 26, 2013 05:21 hrs

Reuters Market Eye - Morgan Stanley upgrades Reliance Communications Ltd to "equal-weight" from "underweight," citing improving outlook for the telecoms sector due to higher tariffs, falling capex, and "more attractive" valuations.

However, Morgan Stanley warns a key risk remains in Reliance Communications' debt levels, estimating its net debt to EBITDA at around five times and calling it the highest in the industry.

Reliance Communications shares were up 0.8 percent.

(Reporting by Abhishek Vishnoi)




blog comments powered by Disqus
most popular on facebook
talking point on sify finance