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File photo of a Telus store in downtown Toronto.
File photo of a Telus store in downtown Toronto.
(Gloria Nieto for The Globe and Mail)

Monday's analyst upgrades and downgrades

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

Merrill Lynch has downgraded both Telus Corp. and Rogers Communications Inc. to "neutral" from "buy" after the Canadian government today announced it will auction certain chunks of prime AWS-3 spectrum to smaller players in order to spur more wireless competition in the country.