German Telecom: UBS sees strong signals in difficult sector

Telefonica Deutschland Holding AG

01/12/2021 12:05

** UBS sees recent Q3 results for German telecoms to show
healthy trends for the broader German mobile market 
    ** Adds that it sees Germany as a pocket of growth in a
challenged European telecom sector
    ** UBS sees Deutsche Telekom ("buy") as one of the top picks
in the German telecoms sector
    ** The brokerage says it thinks the pullback of Deutsche
Telekom is overdone as notable catalysts are potentially
emerging in 2022
    ** Adds there are signs that Telefonica Deutschland
 O2Dn.DE  ("buy") has significantly reduced the network quality
gap to peers 
    ** Out of 26 analysts that cover Deutsche Telekom AG, 24
rate the stock "strong buy" or "buy, "​two rate "hold" -
Refinitiv data
    ** Out of 21 analysts that cover Telefonica Deutschland
Holding AG, 10 rate the stock "strong buy" or "buy,"​seven rate
"hold" and four​ rate "strong sell" or "sell"

 (Reporting by Tommy Lund)
 ((Tommyalexander.lund@thomsonreuters.com))