Telia AB logo

TELIA - Telia AB News Story

SEK36.64 0.1  0.3%

Last Trade - 14/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.76bn
Enterprise Value £21.14bn
Revenue £7.54bn
Position in Universe 55th / 1832

BUZZ-European Telecoms: Citi expects sector to show coronavirus resilience

Wed 8th April, 2020 11:08am
** Citigroup says it expects European telecoms to show
resilience to the impact of the COVID-19 pandemic and the
resulting economic downturn 
    ** The brokerage says its top picks remain Vodafone  VOD.L ,
Orange  ORAN.PA , Telefonica Deutschland  O2Dn.DE  and OTE
 OTEr.AT , all rated "buy"
    ** It sees Telefonica Deutschland as the least affected
financially, while OTE the worst-hit with Orange in the middle
but with weak competitors
    ** Citi's least preferred names are Altice  ATCA.AS  and BT
Group  BT.L  rated "neutral" and Liberty Global  LBTYA.O  and
Telia  TELIA.ST  rated "sell"
    ** Citi says operators with high leverage and high exposure
to small and medium companies and content are likely to struggle
    ** It upgrades Proximus  PROX.BR  to "neutral" from "sell"
saying it foresees growth from 2022 onwards and says the worst
seems to be behind
    ** It raises Tele2  TEL2b.ST  from "neutral" to "buy",
saying the company ranks well in its COVID-19 assessment
    ** The broker says it believes BT Group  BT.L  will be the
last incumbent to cut its dividend, following Proximus  PROX.BR 
and Telia  TELIA.ST      
    ** It keeps a "buy" rating on 1&1 Drillisch  DRIG.DE , NOS
SGPS  NOS.LS , Koninklijke KPN  KPN.AS , Telenor  TEL.OL  and
Telecom Italia  TLIT.MI     
    ** It maintains "neutral" on Deutsche Telekom  DTEGn.DE ,
Telenet Group Holding  TNET.BR , Orange Belgium  OBEL.BR  and
Swisscom  OBEL.BR  as well as  "sell" on Elisa  ELISA.HE  and
Sunrise Communications  SRCG.S    


 ((marta.frackowiak@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.