Proximus: Credit Suisse cuts target price
(CercleFinance.com) - Credit Suisse has reiterated its "underperform" rating on Proximus shares, having shaved a euro from its target price for them (from 19 euros to 18 euros), after making minor changes to its estimates by incorporating the impact of fibre joint ventures into its model.
"We believe that strategically rolling out fibre is a positive development for Proximus but maintain it will take time to reverse current market share trends", the broker says in its comments on the Belgian telecom operator.
The share is currently down about 0.75% at just over 18.5 euros in Brussels.
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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.
"We believe that strategically rolling out fibre is a positive development for Proximus but maintain it will take time to reverse current market share trends", the broker says in its comments on the Belgian telecom operator.
The share is currently down about 0.75% at just over 18.5 euros in Brussels.
Copyright (c) 2021 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.