Deutsche Telekom: UBS still a buyer
(CercleFinance.com) - The analyst believes that the revaluation can continue despite weaker EBITDA in the second quarter.
He confirms his Buy recommendation, with an unchanged target price of E27.6, representing 16% upside potential.
"German EBITDA growth to slow to +1.0% in Q2 but rebound to +4.6% in Q3 given phasing of wage costs. No change to FY estimates", UBS says.
The Bonn-based group - which said that it had posted 'record' profits in Europe in Q1 - posted 1.6% organic sales growth to E27.9bn.
It also confirmed that it is targeting FY Ebitda of E42.9bn, representing 6% growth over 2023.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
He confirms his Buy recommendation, with an unchanged target price of E27.6, representing 16% upside potential.
"German EBITDA growth to slow to +1.0% in Q2 but rebound to +4.6% in Q3 given phasing of wage costs. No change to FY estimates", UBS says.
The Bonn-based group - which said that it had posted 'record' profits in Europe in Q1 - posted 1.6% organic sales growth to E27.9bn.
It also confirmed that it is targeting FY Ebitda of E42.9bn, representing 6% growth over 2023.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.