KCOM (LON:KCOM) - Outlook improving

Tuesday, Jul 20 2010 by

Jul 20th 2010 - Edison Investment Research today published a report on KCOM (KCOM.L, LSE:KCOM, LON:KCOM) entitled "Outlook Improving". In summary, the report says:

Despite consistent delivery on all fronts, KCOM has underperformed the UK market by over 10% during the past month. We do not feel this is justified. The company's 16 July trading statement and a recent meeting with senior management confirmed to us that group transformation remains on track while the foundations for future growth are also clearly being laid. A tax-adjusted fiscal 2011 P/E multiple of 7.2x also seems undemanding to us, supported by a healthy 4.5% dividend yield.

About Edison Investment Research

Edison Investment Research

Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals work with leading companies, fund managers and investment banks worldwide to support their capital markets activity.  We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington.  Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »


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