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File photo of workers at the MTS Centre in Winnipeg.
File photo of workers at the MTS Centre in Winnipeg.
(Phil Hossack/CP)

MTS outlook slashed as Allstream deal quashed

Inside the Market’s roundup of some of today’s key analyst actions. This post will be updated with more analyst commentary during the trading day.

Analysts are quickly cutting their price targets on Manitoba Telecom Services Inc. and warning of a possible hit to its dividend after the federal government late Monday quashed an Egyptian billionaire’s bid to buy the telecom's Allstream division for unspecified security concerns.