Swisscom: RBC reiterates 'underperform' rating.
(CercleFinance.com) - On Wednesday RBC Capital Markets reiterated its "underperform" rating on Swisscom, with a target price of 340 Swiss francs.
In a research note, the Canadian brokerage firm explains that the market is not capturing the full revenue erosion risk coming from fixed-mobile convergence.
"We believe the consensus base case is unsustainable and looks more like a bull case," RBC writes in the report.
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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.
In a research note, the Canadian brokerage firm explains that the market is not capturing the full revenue erosion risk coming from fixed-mobile convergence.
"We believe the consensus base case is unsustainable and looks more like a bull case," RBC writes in the report.
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.