(Finance) – Barclays has slightly increased the target price from 0.34 euros to 0.35 euros for both classes of actions Telecom Italiareiterating the overweight rating with a 30% rise potential for ordinary shares and the Equal Weight rating for savings shares with a 13% rise potential.
The business bank has Updated estimates in view of the results of 4q24 Essentially for the latest moves of Forex (appreciation of Brl) and the latest market updates. Has left FY24 estimates substantially unchanged and provides that the net debt to reach about 7.4 billion euros (including the sale of the fee Inwit). The FY25/FY26 revenues increased by +1.8%/ +2.2% to about 15 billion/15.3 billion euros and the organic Ebitdaal of +2.8%/ +3.2% to 3.9 billions/4.2 billion euros, for the same period due to higher estimates for timb (appreciation of the Brl since the last update).