Bharti Airtel shares gain 2% despite missing Q4 estimates. Should you buy, sell or hold?
Airtel has posted an ARPU (average revenue per user) for the quarter stood at Rs 209 compared to Rs 193 in the same quarter of last year, driven by sustained focus on acquiring quality customers and mix improvement.
of on Wednesday surged 2% on BSE to the day’s high of Rs 1,312.80 even after the telecom major reported a 31% year-on-year (YoY) fall in its consolidated net to Rs 2,072 crore for the fourth quarter, while the from operations increased 4% to Rs 37,599 crore against Rs 36,009 crore for the same period last year.Airtel has posted an (average revenue per user) for the quarter stood at Rs 209 compared to Rs 193 in the same quarter of last year, driven by sustained focus on acquiring quality customers and mix improvement.
Most have a neutral stance on the . Here’s what they have to say:
Bank of America
states that Airtel’s ex-Africa revenues were in line with the estimates, however, along with enterprise margins was a miss.BofA maintained a ‘neutral’ rating for the stock with a of Rs 1,430.
UBS
Global brokerage firm UBS mentioned that net adds were surprisingly positive although ARPU growth remained muted. While India business was in line with the estimates, Q4 was a miss owing to weak Africa business.has a ‘neutral’ view of the stock with a target price of Rs 1,310.
Motilal Oswal
“Consolidated revenue/EBITDA declined 0.8%/2.3% QoQ to Rs 37,600 crore/ Rs 19,400 crore (in line/5% miss), led by currency devaluation in the Africa segment. India Mobile/Africa CC revenue grew 2%/3% QoQ and EBITDA was up 2%/down 1% QoQ,” stated a report by Motilal Oswal.The domestic brokerage firm has a ‘buy’ call on the stock, however, a target price will be given after the analyst conference call.
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Source: Stocks-Markets-Economic Times
