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Rogers shares down 6%
Posted on July 07, 2008
Rogers Communications Inc. shares were down 6% through mid-afternoon trading, amidst an overall market malaise that has driven the S&P/TSX Composite Index down 300 points and counting.Rogers investors could be reacting to blogger comments that Apple Inc. may ship less 3G iPhones to Canada as a result of Rogers Communications Inc.'s unfair iPhone data prices.Or, maybe the selloff is because Genuity Capital analyst Dvai Ghose downgraded his rating on the stock from buy to hold and slashed his price target from $54 to $45 per share on fears that Rogers Wireless will over time see its domina...
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