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Last Updated : Nov 19, 2019 11:36 AM IST | Source: Moneycontrol.com

Buy Bharti Airtel target of Rs 440: Sharekhan

Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 440 in its research report dated November 15, 2019.

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Sharekhan's research report on Bharti Airtel


Steady EBITDA performance, scope for further consolidation and improving FCF position make us optimistic on the stock. In-line revenue; strong operating performance along with moderation in capex intensity; ARPU stable excluding Tata Tele impact; DTH surprised positively. There could be further consolidation in the industry to two formidable players given the strength of their balance sheet, if there are no material benefits from the government on the AGR issue.


Outlook


We maintain our Buy rating on Bharti Airtel with a revised price target (PT) of Rs. 440.


For all recommendations report, click here


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First Published on Nov 19, 2019 11:36 am
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