Bharti Airtel share price target: What should investors do with telecom operator stock post-Q4 results?
Bharti Airtel target price, Bharti Airtel share price, Bharti Airtel Q4 results: Bharti Airtel shares on Wednesday, May 15 closed 2.47 per cent higher at Rs 1,316 on NSE, a day after the telecom operator released its March quarter results. Post Q4 results, here's what brokerages expect from the Bharti Airtel stock:
Should you buy, sell or hold Bharti Airtel shares?
Jefferies has maintained a buy call on Bharti Airtel. The brokerage has raised the target to Rs 1,590 from Rs 1,300.
Jefferies on Bharti Airtel
Jefferies in its note highlighted the following key points:
-Q4 saw strong subscriber additions, mix improvement, and higher mobile ARPU
-Surprising positively FCF to rise as capex moderates
-Raise revenue/EBITDA estimates by up to 5% to factor in the beat & higher subscriber additions
-Over FY24-fy27, to deliver 15/16% CAGR in India revenue/EBITDA along with moderating capex
-Support deleveraging of $6 billion over FY25-26 which in turn will boost stock returns
Bharti Airtel share price target
CLSA has maintained a buy call on Bharti Airtel with a raise in target by Rs 170 Rs 1,540.
Should you buy Bharti Airtel shares?
JPMorgan has maintained a neutral rating on Bharti Airtel stock with a target of Rs 1,100.
Bharti Airtel shares: Buy, sell or hold?
Morgan Stanley has retained an equal-weight call on Bharti Airtel with a target of Rs 1,330.
Morgan Stanley on Bharti Airtel
Morgan Stanley noted the following key points in its note:
-India mobile business beat vs est on revenues and EBITDA
-India mobile business beat led by better subs additions & slightly better arpu
-100% increase in dividend/share for FY24; stable net debt QoQ despite strong OCF
Bharti Airtel shares: Buy, sell or hold?
Macquarie has maintained a neutral call on Bharti Airtel with a target of Rs 1,120
Bharti Airtel Q4 results
Bharti Airtel Q4 results
Bharti Airtel posted a 31 per cent drop in consolidated profit to Rs 2,072 crore in the March quarter. The company had registered a profit of Rs 3,005.6 crore in the year-ago period.
Bharti Airtel Q4 results
The consolidated revenue of operations increased 4.4 per cent to Rs 37,599.1 crore during the quarter under review from Rs 36,009 crore a year earlier.
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(with PTI inputs)\
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)