Morgan Stanley raised its rating on Bharti Airtel Ltd to "overweight" from "equalweight," citing positive factors for the sector such as rising tariffs and data volumes, falling capital spending and eased competitive intensity.
Morgan Stanley raised its rating on Bharti Airtel Ltd
Morgan Stanley said the "failure" of the recent 900 Mhz auction also lowered regulatory risk for India's mobile sector, and upgraded Idea Cellular Ltd
Nomura also raised its rating on Bharti, but to "neutral" from "reduce", citing a recent share price drop. Nomura said it remained "relatively cautious" on the sector given high valuations, regulatory "drama", and a "low" degree of confidence in earnings.
Bharti Airtel stock price
On May 28, 2015, Bharti Airtel closed at Rs 401.30, down Rs 7.2, or 1.76 percent. The 52-week high of the share was Rs 425.70 and the 52-week low was Rs 326.75.
The company's trailing 12-month (TTM) EPS was at Rs 33.02 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 12.15. The latest book value of the company is Rs 199.95 per share. At current value, the price-to-book value of the company is 2.01.
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