Tele2: UBS raises target price
(CercleFinance.com) - UBS has raised its target price for the Tele2 share from 100 Swedish kronor to 109.
7 Swedish kronor on Friday and has reiterated its "buy" rating on the telecom operator, saying that the consensus is too conservative.
"We think Tele2 remains well-positioned to beat consensus expectations near term, driven by strong numbers coming out of the Netherlands, Baltics and Croatia, but consensus is catching-up slowly," the broker said.
UBS' estimates are about 4% ahead of the earnings consensus for fourht-quarter 2017 and are 1% ahead for 2018.
Copyright (c) 2017 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.
7 Swedish kronor on Friday and has reiterated its "buy" rating on the telecom operator, saying that the consensus is too conservative.
"We think Tele2 remains well-positioned to beat consensus expectations near term, driven by strong numbers coming out of the Netherlands, Baltics and Croatia, but consensus is catching-up slowly," the broker said.
UBS' estimates are about 4% ahead of the earnings consensus for fourht-quarter 2017 and are 1% ahead for 2018.
Copyright (c) 2017 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.