Australia's Superloop rises; Morningstar credits strong earnings for price rise

Superloop

01/04/2026 01:52

Updates

** Superloop SLC.AX rises as much as 1.5% to A$3.30

** Morningstar notes stock price surge, cites strong results as key driver

** Telecom firm climbs ~35% since swinging to half-year profit on February 18

** Morningstar says, "Investors are also paying up for Superloop's impressive earnings trajectory"

** Adds strong result seemingly accompanied by new avenue for growth

** Stays neutral on co buying Lightning Broadband

** Hikes FY27 EBITDA forecast by 8% to A$145 mln ($100.4 mln)

** Stock rated "buy" on avg; median PT is A$3.50, per data compiled by LSEG

** YTD, SLC up more than 25%

($1 = A$1.4436)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))