BT Group boosted by UBS upgrade to ‘buy’ from ‘neutral’ with increased price target
UBS’s analysts said the increase in rating and target was driven primarily by a lower pension deficit estimate at £6.5bn gross versus consensus of £11bn-£12bn
Sector
Telecommunications
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BATM’s Telco Systems subsidiary launches virtual cybersecurity solution
The new solution expands BATM’s network function virtualisation portfolio and enhances its market position within a key sector
City broker reckons TalkTalk will breach its bond covenants next year if it doesn’t chop divi by 40%
Last month, analysts at Citi said dividend would likely need to be chopped if TalkTalk wanted to avoid breaching its debt covenants, now it's the turn of Jefferies' number crunchers
Inmarsat shares move out of orbit as Goldman Sachs downgrades rating to ‘neutral’ from ‘buy’
The US investment bank reduced its medium-term revenue/underlying earnings (EBITDA) estimates by 3% and 8%, respectively, and decreased its 12-month price target to 580p from 860p
Barclays Capitals cuts targets, estimates for BT Group and TalkTalk in European sector review
The bank’s analysts reduced their target price for BT to 350p from 420p, albeit with the shares currently changing hands at 263.95p each, up 0.5% or 1.2p on last night’s close
Vodafone's dividend well covered, says Barclays as it upgrades stock to 'overweight'
Barclays said the telecoms company is its “top pick” of the sector
BT Group "extremely disappointed" as judge orders it to pay €1.8mln damages to ex-Italy boss
Gianluca Cimini was fired for disciplinary reasons last year, but then BT filed a criminal complaint accusing him of grave violations of corporate governance..
Vodafone ends plans to merge Malta unit with Melita
The companies were unable to satisfy the Maltese Competition Authority’s requirements
Satellite Solutions Worldwide lands European broadband deal with Viasat-Eutelsat venture
The roll-out will begin in Poland and Norway followed shortly thereafter in Sweden and Finland
Vodafone enters into strategic alliance with Japan's Softbank
The alliance will improve commercial and operational support services for Vodafone's enterprise customers operating in Japan
BATM banks profit on sale and leaseback of building in Israel
Following the sale, BATM will lease back 2,027 square metres of space to accommodate its business functions currently located in this building
Snap strives to regain its mojo with redesign of Snapchat app
The company saw its base of daily active users rise by just 3% quarter-on-quarter in the third quarter
Morgan Stanley thinks BT shares look “cheap on a sum-of-the-parts valuation” but “cautious about stepping in too early"
In a note to clients, the US investment bank maintained its ‘equal-weight’ rating on the blue chip telecoms giant but cut its price target back to 290p from 320p
Numis remains “very bullish” on BT, leaving its rating at ‘buy’ and target price at 400p.
Independent Openreach must be economically rational and act to benefit its 500+ communication provider clients to overbuild alternative networks and Virgin Media
BT Group has failed to grasp the fibre nettle, says Deutsche Bank
BT Group's target price has been cut by Deutsche Bank, with the broker asserting competitive threats are not fully appreciated.
BATM establishes teleco partnerships for network virtualisation market estimated at US$200mln
The group said the move represents a significant advancement of BATM's strategy to leverage the telecom-industry transition from hardware to Network Function Virtualisation (NFV) and Software-Defined Networking (SDN)
Citi reckons Talktalk will have to cut its dividend again to stop it from breaching debt covenants
“On our estimates the group will exceed 3.0x EBITDA in March 2018 (3.11x) and will also exceed 2.75x in March 2019 (2.88x) implying Senior Note covenants might prevent payment of a dividend”
BT Group to invest in ‘ultrafast’ broadband in Northern Ireland
The network will be able to download a HD movie in about 25 seconds
TalkTalk shares walk lower after RBC Capital downgrade
TalkTalk was downgraded to 'sector perform' by RBC Capital
TalkTalk in the red as it swings to a half-year loss and trims outlook on restructuring costs
TalkTalk reported a loss and lower revenues in the first half