Bharti Airtel Stocks: After positive comments, the stock has steady growth. UBS has changed Bharti Airtel’s rating from neutral to byte. Its target price has also been revised.
Buy rating changed from neutral
Global brokerage firm UBS is quite bullish on Bharti Airtel’s stock. The stock has a steady uptrend after positive comments. UBS has changed Bharti Airtel’s rating from neutral to byte. Its target price has also been revised. UBS has increased the target from Rs 760 to Rs 855. The brokerage house is about 20 percent up from its current price.
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Low valuation, strong growth outlook
Today, the stock is trading at around Rs 718 on the NSE. UBS says the stock is trading at 6 times the estimated EV / EBITDA ratio in 2024, while the emerging market is trading at 7 times on average. Its valuation is cheaper than other companies in the sector and growth is visible. We tell you, since the beginning of 2022, Bharti Airtel shares have returned more than 5 percent. In the last 1 year, Bharti Airtel has returned 24.54 percent.
Bharti Airtel: CLSA has set a target of 915
Brokerage firm CLSA has given a buy opinion on the stock following the results of Bharti Airtel and has set a target price of Rs 915 for the purchase. The company believes that Bharti Airtel has registered consolidated revenue and EBITDA growth At the same time, the ARPU has also increased, which will be even more profitable.
Nomura did not change the target price
Following the results of Bharti Airtel, Nomura gave a buy opinion on it but did not change the target price. Bought feedback with a target of Rs 855. According to the brokerage firm, the company has shown good quarterly results.
Goldman Sachs buying opinion
Brokerage firm Goldman Sachs has retained its buying views on Bharti Airtel. 75 purchase targets have been given. The company expects Bharti Airtel’s revenue to increase further in the future.
