| |
|
Current recommendation (euros) |
|
|
| Institution |
|
Rating |
Target |
Date |
|
Last issued research |
| Macquarie |
|
Neutral |
7.50 |
31/Jan/12 |
|
European Telecoms: More sector downgrades to come |
| Bernstein |
|
Market perform |
4.50 |
27/Jan/12 |
|
Portugal Telecom: Oi ! Downgrading to Market-Perform |
| BPI |
|
Buy |
5.00 |
24/Jan/12 |
|
Be greedy when others are fearful |
| Citi |
|
Neutral |
4.15 |
23/Jan/12 |
|
Telco prospects 4Q11 |
| UBS |
|
Neutral |
4.50 |
18/Jan/12 |
|
Q4 preview, lowering target |
| Credit Suisse |
|
Underperform |
4.50 |
18/Jan/12 |
|
2012 Telco sector outlook |
| Oddo securities |
|
Reduce |
5.00 |
12/Jan/12 |
|
Initial counter attacks against free |
| Millenium bcp |
|
Buy |
6.30 |
14/Dec/11 |
|
Tough domestic and no relief from Brazil |
| Caixa BI |
|
Buy |
6.20 |
13/Dec/11 |
|
Brazil is the Trigger |
| BofA/Merrill Lynch |
|
Buy |
6.50 |
5/Dec/11 |
|
Playing the wait-and-see game |
| Espirito Santo |
|
Buy |
7.30 |
11/Nov/11 |
|
Discount seem to high |
| Exane - BNP |
|
Neutral |
6.20 |
8/Nov/11 |
|
Q3 slightly above but outlook remains tough |
| HSBC |
|
Neutral |
6.00 |
8/Nov/11 |
|
Fiber paying off but dividend more uncertain |
| Deutsche Bank |
|
Hold |
6.80 |
3/Nov/11 |
|
Still too early to turn positive |
| Societe General |
|
Hold |
5.50 |
28/Oct/11 |
|
Trends and outlook remain challenging |
| BBVA |
|
Market Performer |
7.70 |
26/Oct/11 |
|
Struggling with the macro |
| Nomura |
|
Neutral |
7.00 |
14/Oct/11 |
|
Q3 Telcos Results Preview |
| Santander |
|
Buy |
8.50 |
27/Sep/11 |
|
Still believers in FCF growth |
| Berenberg Bank |
|
Hold |
6.20 |
26/Sep/11 |
|
Fastest FCF growth but high risk too |
| Unicredit |
|
Hold |
6.50 |
14/Sep/11 |
|
Portugal Telecom - Implementing Oi's structure simplification |
| JP Morgan Cazenove |
|
Neutral |
6.80 |
5/Sep/11 |
|
Updating estimates for 2Q |
| Barclays Capital |
|
Equalweight |
7.60 |
1/Sep/11 |
|
Playing away from home |