Proximus: UBS on hold, reduces target price
(CercleFinance.com) - While maintaining its 'neutral' recommendation on Proximus shares, UBS has reduced its target price for them from E7.
6 to E6.3, a new TP that is slightly below the Belgian telecom operator's last closing share price.
Fiber consolidation is exerting pressure on free cash flow (-15%), the broker notes, adding that while the share is close to its all-time low, there are questions around competitive pressures and international FCF.
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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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
6 to E6.3, a new TP that is slightly below the Belgian telecom operator's last closing share price.
Fiber consolidation is exerting pressure on free cash flow (-15%), the broker notes, adding that while the share is close to its all-time low, there are questions around competitive pressures and international FCF.
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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.