Out of the darkness, Telecom gets its first ‘buy’ rating

Telecom's recent earnings downgrades, regulatory complications and other woes are of such scale that they defy summary in a single paragraph.But today, there is a sliver of good news, with Forsyth Barr analyst Guy Hallwright breaking from the pack and upgrading the company's shares from “hold” to “accumulate.”Mr Hallwright stands alone with his buy rating on the troubled telco.

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