Aussie Broadband extends decline, Jefferies sees FY28 goals intact

Aussie Broadband

16/06/2026 01:33

Updates
** Shares of Aussie Broadband ABB.AX fall 1.9% to A$5.17, lowest level since May 26
** Analysts at Jefferies said recent subscriber growth slightly missed expectations but reaffirmed confidence in telco's ability to meet its fiscal 2028 targets, supported by acquisitions and margin expansion
** Brokerage retains "buy" rating at a price target of A$6.20; raises FY27 and FY28 EPS estimates by 3% and 10%, respectively; cites recent deals and improving operating leverage
** Telecom firm said on Monday it expects its FY26 capital expenditure at the upper end of the A$55 million to A$60 million ($38.92 million-$42.46 million) forecast range; stock dropped 5.4% on Monday
** Eight of 11 analysts rate the stock "buy" or higher, three "hold"; median PT A$6.23, according to data compiled by LSEG
** Stock has risen 2.6% so far this year      
     
($1 = 1.4132 Australian dollars)

 (Reporting by Roshan Thomas and Shruti Agarwal in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))