Brokerage house Motilal Oswal has maintained a neutral rating on Reliance Communications (RCOM) with a target price of Rs 111 in its June 10, 2013 research report.
Motilal Oswal's research report on Reliance Communications (RCOM)
Increasing target price by 14 percent; maintain Neutral
RCOM and Reliance JIO Infocomm have signed a comprehensive agreement for sharing tower infrastructure with an aggregate value of INR120b. Reliance JIO would utilize up to 45,000 sites from RCOM's existing network.
Intra-city fiber, the missing piece post inter-city fiber and tower deals
Incremental steady-state annual revenue of ~INR8b and EBITDA of INR7b-7.5b
High debt remains a concern though deal to aid deleveraging
Upgrading FY14/15E EBITDA by 1-2 percent and target price by 14 percent; Neutral
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Set email alert for
ADS BY GOOGLE
video of the day
Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec