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Jun 16, 2012, 03.25 PM IST

RBS upgrades Idea to 'buy' from 'hold'

RBS upgraded Idea Cellular to "buy" from "hold" and raises target price to Rs 92 from Rs 86 saying EBITDA growth profile for fiscal years 2012-14 "exceed that of its peers.

Source: Reuters
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RBS upgrades Idea to 'buy' from 'hold'
RBS upgraded Idea Cellular to "buy" from "hold" and raises target price to Rs 92 from Rs 86 saying EBITDA growth profile for fiscal years 2012-14 "exceed that of its peers."


RBS also predicts a decline in churn rates and improved network utilisation.


Investment bank adds regulatory risks from the potential pricing for spectrum acution remains, but says expects the government to "water down" the pricing proposed by a regulatory body that had worried the sector.


Shares in Idea Cellular rose 0.13% to end at Rs 76.95.


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