Swisscom: BarCap still 'underweight'
(CercleFinance.com) - Barclays Capital (BarCap) has reinstated its "underweight" recommendation and its target price of 430 Swiss francs on the Swisscom stock, after it "delivered an inline set of results with cost cutting in Switzerland enough to offset a miss at Fastweb.
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"Swisscom is navigating competition well through its multi-brand strategy, but Switzerland remains intense in both consumer and enterprise," the broker adds.
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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.
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"Swisscom is navigating competition well through its multi-brand strategy, but Switzerland remains intense in both consumer and enterprise," the broker adds.
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.