Citi raises Aussie Broadband PT on guidance upgrades
23/02/2026 21:11
** Citi raises PT on Aussie Broadband ABB.AX to A$$6.25 from A$6.15, retains 'buy' rating ** Australian telecom firm raises FY26 forecasts, predicting underlying EBITDA between A$162 million ($114.29 million) and A$167 million, up from A$157 million to A$167 million ** Citi cites co's solid net-add momentum in the first and second half to-date and disciplined cost management with focus on improving operational efficiency ** Citi supportive of ABB's upgraded FY28 ambitions, including projected group revenue above A$2 billion ** As of last close, ABB shares up 1% YTD ($1 = 1.4174 Australian dollars) (Reporting by Nichiket Sunil in Bengaluru) ((Nichiket.Sunil@thomsonreuters.com))
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Brief: Aussie Broadband Sees FY26 Underlying EBITDA Midpoint Of A$162 Million-$167 Million Guidance
Citi raises Aussie Broadband PT on guidance upgrades