BT Group: UBS reduces target price
(CercleFinance.com) - UBS reiterates its sell rating on the BT stock, reducing its target price for it to 115 pence (from 120 pence).
The analyst expects better financial results at the group level, although forecasts higher losses for Openreach.
"Consumer broadband pricing may be better than expected but Openreach line losses likely to remain elevated," UBS says.
"Consumer broadband pricing may be better than expected but Openreach line losses likely to remain elevated and risk from TalkTalk M&A overlooked," the broker adds.
Copyright (c) 2023 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.
The analyst expects better financial results at the group level, although forecasts higher losses for Openreach.
"Consumer broadband pricing may be better than expected but Openreach line losses likely to remain elevated," UBS says.
"Consumer broadband pricing may be better than expected but Openreach line losses likely to remain elevated and risk from TalkTalk M&A overlooked," the broker adds.
Copyright (c) 2023 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.