Telenor: Barclays maintains 'overweight' on 'stable' Norway
(CercleFinance.com) - Barclays said on Monday that it is maintaining its "overweight" rating on Norwegian telecoms group Telenor, with a target price of 190 Norwegian kronor, citing the "stability" of the Norwegian market.
In a note to clients, the broker said that it sees the Norwegian market looking "healthy" in 2019, backing its positive view of Telenor.
Barclays wrote that market pricing looks "remarkably stable," while highlighting that new entrant Ice's competitive positioning is mostly damaging for Nordic rival Telia.
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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 note to clients, the broker said that it sees the Norwegian market looking "healthy" in 2019, backing its positive view of Telenor.
Barclays wrote that market pricing looks "remarkably stable," while highlighting that new entrant Ice's competitive positioning is mostly damaging for Nordic rival Telia.
Copyright (c) 2019 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.