The company’s investor briefing flagged declines in the near term for mobile revenue per unit amid competition in enterprise. However an improving trend has been noted.
Credit Suisse suspects capital intensity is likely to improve while the dividend appears sustainable at $0.16 per share.
While recognising the stock has had a good run over the past 12 months, as momentum is positive Credit Suisse upgrades to Outperform from Neutral. Target is raised to $3.90 from $3.70.
Sector: Telecommunication Services.
Target price is $3.90.Current Price is $3.78. Difference: $0.12 – (brackets indicate current price is over target). If TLS meets the Credit Suisse target it will return approximately 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
