KPN: Credit Suisse sees entry opportunity

(CercleFinance.com) - Credit Suisse reinstates its 'outperform' rating on KPN shares, along with its target price of 3.
4 euros. This follows the share's 10% fall from its recent peaks, as hopes of a takeover of the Dutch telecoms operator faded.

"We believe KPN has an attractive and improving long-term outlook and therefore see recent weakness as providing a fresh entry point," the broker says, leaving its estimates unchanged at 1% above consensus for 2022 EBITDAaL.


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.