Latest news about Bharti Airtel Share Price Update , Credit Suisse has given an upgrade rating on the telecom sector. It says that competitive pressures are easing. Credit Suisse feels that TRAI recommendations may not be accepted in current form.
Credit Suisse has upgraded Bharti Airtel to outperform and has increased target price to Rs 360. It expect the competition to ease. Credit Suisse feels that Indian mobile EBIDTA will improve by 250-300 bps in FY12. It feels that Bharti’s capex for Africa business may be lower. It has lowered FY11 EPS estimates of Bharti by 6% and FY12 EPS estimate by 13%. It expects 27% EPS growth for FY12 and FY13 for Bharti Airtel.Credit Suisse has upgraded Idea Cellular to outperform and raised target price to Rs 75. It feels that Idea Cellular will benefit most from improving competitive environment and the company’s EBITDA margin will improve by 240-300 bps for FY11-13.
Credit Suisse has upgraded Reliance Communication to neutral and raised target to Rs 185. The research house has raised EBITDA margins estimate of Reliance Communication by 200-300 bps over FY11-12. Its EPS estimates will go up by 7% in FY11.
Religare expects improved operational performance in Q1 in Telecom space. It expects wireless revenue growth of 3-5% in Q1, EBITDA margins to be largely flattish and strong 40%+ share price return in 9-12 months in the sector.
No comments:
Post a Comment