News Formal

Bharti Airtel: JPM raises to ‘overweight,’ sees stronger earnings

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Bharti Airtel: JPM raises to ‘overweight,’ sees stronger earnings

) to “overweight” and also hiked their price target on the telecom operator, citing stronger earnings potential from increased tariffs in India and better returns on capital.

Airtel’s fiscal 2024 earnings were largely in line with expectations. The telecom operator, which is among India’s biggest, clocked a 2% increase in quarterly revenue to 221 billion rupees, while adjusted earnings before interest, tax, depreciation and amortization rose to 122 billion rupees, bringing annual EBITDA to 790.45 billion rupees.

JPM analysts also said they expected dividends to “increase meaningfully” over the next two fiscal years amid improving cash flows and further deleveraging.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 450. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

JPM: Consensus earnings expectations for the S&P 500 this year look too optimisticJPM: Consensus earnings expectations for the S&P 500 this year look too optimistic
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Citi upgrades India to 'overweight' citing stable earnings, economic growthCiti upgrades India to 'overweight' citing stable earnings, economic growth
Källa: Investingcom - 🏆 450. / 53 Läs mer »