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TI.A - Telecom Italia SpA News Story

$5.21 0.0  0.0%

Last Trade - 05/07/19

Large Cap
Market Cap £8.70bn
Enterprise Value £33.41bn
Revenue £13.61bn
Position in Universe th / 6651

BUZZ-European telecoms: Deutsche Bank sees opportunities in 2021 as growth improves

Wed 16th December, 2020 10:34am
** Deutsche Bank sees a substantial improvement in European
telecoms stock performances next year as growth improves and
returns become more sustainable
    ** DB points out telcos reported an organic EBITDA growth of
1-2% during the most recent three quarters, which is "not bad"
in its view
    ** It adds that roaming, one of the main drivers behind
revenue and EBITDA drop in 2020, could potentially see a
tailwind if travel starts to return
    ** The broker expects sector GDP to swing 12 pp to the
positive in 2021, sector growth to improve by 2.5-3.0 pp
    ** DB says its top picks for H1 2021 are Orange SA
 ORAN.PA , Telecom Italia  TLIT.MI , Deutsche Telecom, Vodafone
Group, Telefonica Deutschland  O2Dn.DE  and Telenet  TNET.BR ,
all representing substantial near-term catalysts
    ** According to Refinitiv data, STOXX Europe 600
Telecommunications  .SXKP  index has been up 8% quarter-to-date,
but down about 15% over a 12-month period


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