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TELIA - Telia AB News Story

SEK36.85 0.2  0.6%

Last Trade - 2:35pm

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

BUZZ-Telecoms: To "prove resilient" in pandemic - Berenberg

Fri 27th March, 2020 7:29am
** Berenberg says telecoms become critical to both economies
and society as more countries impose lockdowns, adding they
should "prove resilient" during the COVID-19 pandemic
    ** It notes data usage is "booming" and telcos are also
likely to benefit from lower market churn
    ** However, roaming revenues will be affected
    ** The brokerage says it favours those operators with the
best-invested networks and cost flexibility, in strong economies
with good market structures, and those whose balance sheets are
not stretched
    ** It names KPN  KPN.AS , Sunrise  SRCG.S , Telenor  TEL.OL 
and Elisa  ELISA.HE  its top picks, upgrading the latter to
"buy" from "hold" and keeping a "buy" rating on the rest
    ** Berenberg also ups Deutsche Telekom  DTEGn.DE  to "hold"
from "sell", but cuts Vodafone  VOD.L  and Tele2  TEL2b.ST  to
"hold" from "buy" and Telia  TELIA.ST  to "sell" from "hold"

 ((joanna.wodzicka@tr.com))
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