BT Group: UBS says share should be volatile
(CercleFinance.com) - The UK government is to review Altice's stake.
The telecoms operator says that the Secretary of State for Business, Energy and Industrial Strategy has sent it a notice under the National Security and Investment Act 2021.
This legislation introduces an investment screening system for companies seeking to take control of a company in a number of sectors that are deemed strategic from a national security perspective.
Following the announcement, UBS reiterated its neutral rating on the stock with a target price of 181p (current price: 186p, +0.35%).
"Move is likely to bring mixed fundamentals back to the fore - we expect shares to be volatile and trade in 150-200p range," UBS says.
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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.
The telecoms operator says that the Secretary of State for Business, Energy and Industrial Strategy has sent it a notice under the National Security and Investment Act 2021.
This legislation introduces an investment screening system for companies seeking to take control of a company in a number of sectors that are deemed strategic from a national security perspective.
Following the announcement, UBS reiterated its neutral rating on the stock with a target price of 181p (current price: 186p, +0.35%).
"Move is likely to bring mixed fundamentals back to the fore - we expect shares to be volatile and trade in 150-200p range," UBS says.
Copyright (c) 2022 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.