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Fly News Breaks for April 3, 2018
TEO
Apr 3, 2018 | 08:17 EDT
As previously reported, Morgan Stanley analyst Cesar Medina downgraded Telecom Argentina (TEO) to Underweight from Equal Weight, citing his view of its limited relative upside amid higher Pay TV competition. He said in his note on the sector that he now expects a better 2018 for broadband and Pay TV in Latin America, driven by additional macro acceleration, a recovery in both housing and disposable income, and the 2018 World Cup. Medina also upgraded Liberty Global LiLAC (LILA) to Equal Weight from Underweight this morning.
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