Telenet: Morgan Stanley upgrades to 'equal weight'
(CercleFinance.com) - On Wednesday Morgan Stanley has upgraded the Telenet stock from "underweight" to "equal weight," also raising its target price for the share from 56 euros to 67.
8 euros.
"With improving operating momentum and falling leverage, we believe Telenet can once again start making extraordinary cash returns, which would be supportive," the broker wrote in a research report.
"While competition remains elevated, we see the upcoming results as a positive catalyst," it adds in the report.
Telenet will report 2017 earnings on Tuesday 13 February.
Shares of the Belgian cable and mobile company are currently up 2.7% at 61.8 euros on Euronext Brussels.
Copyright (c) 2018 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.
8 euros.
"With improving operating momentum and falling leverage, we believe Telenet can once again start making extraordinary cash returns, which would be supportive," the broker wrote in a research report.
"While competition remains elevated, we see the upcoming results as a positive catalyst," it adds in the report.
Telenet will report 2017 earnings on Tuesday 13 February.
Shares of the Belgian cable and mobile company are currently up 2.7% at 61.8 euros on Euronext Brussels.
Copyright (c) 2018 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.