BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA downgrades Reliance Communications to sell
CLSA has downgraded Reliance Communications to "sell" from "outperform" earlier. CLSA cuts EBITDA estimates for FY17-18 by 3-4 per cent. Current leverage at 6 times EBITDA is uncomfortable. RCom's margin collapse in Q4 in concerning.