Deutsche Telekom: UBS maintains 'buy' rating
(CercleFinance.com) - UBS maintains a "buy" rating on the Deutsche Telekom share, with a target price of 19.
50 euros, saying that investment in fibre lowers the risks around German capex.
The broker points out that the telecommunications giant recently
stroke a series of fibre co-investments in Germany, with the main one being a joint venture with utility group EWE.
The companies plan to together invest a combined two billion euros over 10 years to cover 1 million homes with fibre (FTTH), UBS says.
"We see the moves as positive for Deutsche Telekom, yet the share price has drifted," the broker states in a report.
UBS hence says it remains positive on the stock, and re-iterates its view that growth in Germany has been "underestimated."
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.
50 euros, saying that investment in fibre lowers the risks around German capex.
The broker points out that the telecommunications giant recently
stroke a series of fibre co-investments in Germany, with the main one being a joint venture with utility group EWE.
The companies plan to together invest a combined two billion euros over 10 years to cover 1 million homes with fibre (FTTH), UBS says.
"We see the moves as positive for Deutsche Telekom, yet the share price has drifted," the broker states in a report.
UBS hence says it remains positive on the stock, and re-iterates its view that growth in Germany has been "underestimated."
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.