Citi raises PT on Australia's Superloop, cites balance sheet flexibility may drive in-organic growth

Superloop

13/06/2025 24:58

** Analysts at Citi raise PT on Australia's Superloop SLC.AX to A$3.35, reflecting a 16.7% upside from stock's last close

** Citi lifts PT to reflect solid progress at the telco with respect to organic growth levers; keeps rating at "buy"

** Brokerage cites that SLC's flexible balance sheet gives co option to chase in-organic growth opportunities

** Says SLC hiked prices for plans before the Australian National Broadband Network (NBN) lifted wholesale prices

** Adds that it is assessing that SLC's price hikes are higher that the uplift implemented by NBN

** Seven of eight analysts rate the stock "buy" while, one rate it "sell"; their median PT is A$2.63 according to data compiled by LSEG

** Stock up 31.1%, YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))