Proximus: suffering from negative broker comments
(CercleFinance.com) - Down about 1%, the share of Belgian mobile telephony group Proximus is underperforming the Brussels Bel 20 index (down just over 0.
1% in mid-afternoon trading), with analysts at Deutsche Bank downgrading the share to sell, while lowering their target price to 22 euros (15% downside potential).
Analysts remain concerned about the group's investments, which could increase spending to accelerate the deployment of fiber optics.
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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.
1% in mid-afternoon trading), with analysts at Deutsche Bank downgrading the share to sell, while lowering their target price to 22 euros (15% downside potential).
Analysts remain concerned about the group's investments, which could increase spending to accelerate the deployment of fiber optics.
Copyright (c) 2019 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.