Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
According to a release published on the website of the Budapest Stock Exchange, the affirmation reflects Magyar Telekom’s” strong market position in Hungary’s mobile and fixed internet sectors, as well as its healthy business and financial risk profiles.
The review ensures the company’s compliance with the Bond Funding for the Growth Scheme run by the National Bank of Hungary.
Separately, Erste Bank’s telecommunications sector analyst downgraded MTel shares from “buy” to “hold,” citing the end of a major profit growth cycle.
While earnings are expected to remain high, growth is likely to slow to single digits.
Still, dividends could rise dynamically, from an estimated HUF 136 this year to HUF 165 and HUF 190 in the coming years, alongside share buybacks.
The analyst raised t he target price to HUF 2,050 from HUF 1,940, noting that while MTel has strong free cash flow relative to peers, upside potential is limited.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
