
Deutsche Telekom: UBS no longer buy the stock
(CercleFinance.com) - UBS has lowered its recommendation on the stock to neutral (from buy) with an unchanged target of 28 E.
'We remain constructive on the fundamentals, but are reviewing the shares downwards, which are at their highest level for several years. We are looking at CMD expectations and short-term technical factors' says UBS.
The group has confirmed that it is targeting Ebitda of 42.9 billion euros for the full year, i.e. 6% growth compared with 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.
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.
'We remain constructive on the fundamentals, but are reviewing the shares downwards, which are at their highest level for several years. We are looking at CMD expectations and short-term technical factors' says UBS.
The group has confirmed that it is targeting Ebitda of 42.9 billion euros for the full year, i.e. 6% growth compared with 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.
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.